When investing in real estate, getting the capital you need to flip or buy rental properties can be challenging, especially if you need a quick closing, aggressive leverage, funds for renovations, or have a less-than-desirable credit score. Fortunately for borrowers who find themselves in these situations, there is the option of applying for a hard money loan. Whether you are a new or experienced borrower, you should remember to consider the pros and cons of hard money loans when deciding what option is right for you! Get Pre-Approved What is a Hard Money Loan? A hard money loan is a short-ter ..read more

If you’re interested in real estate investing, you may have heard the term “hard money loan” thrown around. But what exactly is a hard money loan, and when is it a good option for your real estate business? Here are some key points to keep in mind when considering a hard money loan in Houston. 1. Hard money loans provide capital for real estate projects. One of the primary benefits of a hard money loan is that it provides quick access to capital for real estate projects. These loans can be closed in a matter of days which can be helpful when trying to get the interest of a potential seller. 2 ..read more

Investing in properties has become a lucrative opportunity for individuals who want to make money without taking too many risks. Real estate investment is a $100 billion industry, but surprisingly, only 9% of Americans are investing in it. Here are some updated reasons why investing in properties is an excellent option today:  Reason #1 – Passive Income When you invest in a property you can rent it out, and the property will generate income for you without you having to do much work. You can even hire a property manager to take care of the maintenance for you. This income is known as pas ..read more

Investing in real estate can be a lucrative way to build wealth over time, but all loans are not created equal so to speak. If you’re considering taking out a loan for investment property, it’s important to understand what type of loan you need and to do your due diligence to make sure you’re setting yourself up for success. Here are some tips to keep in mind:  1. Educate yourself. There are several ways to invest in real estate so you will need to narrow it down keeping in mind how much time/money you have to invest. There is  a limitless supply of blogs/videos online that can he ..read more

After working with two lending firms, Noble Mortgage CEO Darel I. Daik wanted to shake up the Texas hard money lending industry. Providing outstanding customer service and a superb working environment were the principles that led Daik to found Noble Mortgage in 2003. Since then, we’ve helped thousands of investors build long-term wealth by providing creative financial solutions aligned with our borrower’s goals. This year, we’re celebrating 20 amazing years in the Texas hard money lending industry. Join us as we look back on some of our greatest accomplishments and learn about our plans for th ..read more

Determining creative ways to fund your next real estate venture has probably made you seek more information on hard and private money loans. These types of loans are often used in lieu of traditional bank loans due to the flexibility, quick approvals and ability to borrow 100% of the costs. However, it is important to be aware of the differences between private and hard money loans before making your financial decision. Below, we will compare these two types of loans to help guide you through your next real estate investment. What is a Hard Money Lender? A hard money lender is often referred ..read more

We always get questions about appraisals. It is very, very important, especially for a new investor. Be thankful that we are getting an appraisal on the property. This does several things for you, and I am going to explain to you why. Number one, it is going to tell you the appraiser’s opinion of value, obviously, right? But it is going to give you the value from an expert in the field. These appraisers are experts in their field, they understand the market, they understand what and what not to do when deriving value. If you are buying from a wholesaler or a realtor, anyone like that, they ar ..read more

Summary ARV (after repaired value) is defined as the estimated future value of a property after it has been renovated rather than its current value. In other words, ARV is the projected future value of a property that has been fixed and is ready to flip. To determine ARV, appraisers research comparable properties (“comps”) that have sold recently in the same area. What We’ll Cover Video: What Is ARV and How Is It Determined? What Does ARV Mean in Real Estate? The ARV Formula Why Does ARV Matter? How Is ARV Determined? What Is the 70 Percent Rule? Contact Noble Mortgage Video: What Is ARV and ..read more

Hard money loans are asset-based loan whereas the real estate is the primary qualifying factor in approving the loan. Primarily utilized by investors, hard money loans can close in just a few days and offer up to 100% financing on residential purchases. These loans can also be used for commercial properties on a case-by-case basis. Hard money loans are often used to purchase homes that are in disrepair and need to be renovated/updated. Unlike conventional loan products, hard money loans can work as construction loans to provide the funds necessary to repair the property. These loans are typi ..read more

Absolutely! By utilizing our hard money program real estate investors can absolutely obtain 100% financing. We are able to provide this unique program by making loans on the After-Repaired-Value (ARV) which takes into account any repairs that are being proposed to the property. Many times providing updates to a home can increase the value of the property and by managing this process Noble is able to offer up to 100% financing. The post Can I get 100% Financing? appeared first on Noble Mortgage ..read more