Value,Value,Value

Besides location , your ARV (after repaired value is key). Today alone i have seen 3 deals go down the drain due to over optimistic valuations. Learn what makes a good comp. Use comps in same subdivision first. Its a soft market be conservative. Watch out for some Texas suburbs, value is declining and you must take that in account. Here is the good part, many times if dealing with a foreclosue the bank will renogiate. take them your appraisal, they know you have to have a profitable deal. Offer lower price or move on to a better deal. Sometimes (almost always) a busted deal due to appraisal coming in low is a blessing.

why blog about Texas Hard money

Because I am a lender and broker of hard money loans in Texas. Hopefully this blog can be informative and provide some insight into anyone loaning money or looking for private / hard money loans in Texas. Websites can only show so much, this blog will talk about deals and specific examples.

Most hard money requests do not fund. It is my belief that many are deals that would work if either presented / packaged differently. Many times the loan has to be structured a bit differently. From my perspective most failing deals occur because the principles are asking for debt financing when in reality they need a partner.

Also , check our blog because we will be discussing funding Texas, specifically Dallas, Austin, San Antonio and Houston.