Hard Money Networks

This investment perspective comes straight from the rooms in banks that are filled with the proverbial bean counters known as underwriters that are making the lives of hard money lenders very easy and very profitable, Pitbull Mortgage School is dedicated to training interested persons in relation to the business of hard money. It's clear that the banks are running out of money, good decisions and good excuses for denying loans to businesses, property investors, and individuals. It seems that we have reached the lunatic fringe in that even a person with AAA credit, great income, and a substantial net worth is not deemed as credit worthy.

Realizing that banks are hoarding cash to try and make it through one, if not the worst financial crisis in US history, it now seems that the new paradigm in lending guidelines is that you must have more money sitting in a bank account than the amount you want to borrow.
Hard money lenders are usually private individuals who have access to large amounts of cash. The easiest way to locate them is to start making inquiries to accountants and attorneys who have a wealthy client base. Often you can locate people who have experience making private loans. Of course, these people are the easiest to do business with since they already understand the process.

Attorneys that handle real estate closings are a good resource, especially those who have clients with large estates or trusts with real estate holdings. Often, these people are happy to discover a relatively low risk investment that can give them a return of 10% or higher.
Because these private loans are highly collateralized, they're considered to be low risk. When compared with stocks or bonds, which have no hard assets as collateral, a private money loan becomes very attractive as an investment.