6 Best Commercial Real Estate Videos About Hard Money Lenders
With millions of commercial real estate videos on YouTube, it’s hard to know where to start. Luckily, we’ve sorted and sifted through the site’s vast catalog to find the very best lessons on hard money lenders.
Below, you can watch industry experts explain how hard money lenders work and benefit borrowers, drawing both from factual knowledge and personal experience. You’ll see exactly why they love using these loans so much—and why you could, too.
Main Takeaways
- In this article, we share the absolute best hard money loan videos from hard hitters like Better Pockets, Sean Pen, and Flipping Mastery TV. In these videos, you’ll find first-person accounts about how hard money loans work, how their costs add up, their benefits and uses, and other essential information.
- For further reading, we’ll also provide some articles written by our hard money loan experts. Here, you can learn about hard money loan tax benefits, getting one with bad credit, and other tips of the trade.
Top Commercial Real Estate Videos About Hard Money Lenders for Beginners
Without further ado, let’s get into the best videos to orient beginners to hard money lenders.
1. Hard Money Loans vs. Soft Money Loans | When to Use Each (Bigger Pockets)
For beginners in Baltimore hard money lending, this Bigger Pockets video explains what exactly differentiates a hard money loan from a traditional loan. They explain hard money loans’ function as bridge financing, their timeframes, and requirements. In addition, they offer sage advice on securing a deal quickly, such as getting pre-qualified.
Even better, they show you a glimpse of which houses are the best assets for hard money lenders. They give you a rundown of a multi-family home chosen for hard money loans and explain how the owner plans on using the funding to give it a much-needed facelift.
2. How Hard Money Loans Work – Fund Your Deals (Eric and Niki)
Here, Eric and Niki provide viewers with a more abbreviated account of how hard money loans work. They delve into their payment timeline, the points system, and how commercial hard money lenders have more flexible requirements.
They regaled all this information from their personal experience using hard money loans to fund most of their projects.
3. How Much Does It Cost to Borrow Hard Money? (Flipping Mastery TV)
In this video, YouTube channel “Flipping Mastery TV” host, flipper, and millionaire Jerry Norton breaks down each of the costs involved in paying off a hard money loan, such as interest, points, miscellaneous fees (like the origination fee), possible extension fees, and inspection fees. He explains how these costs come together, as well as why the structuring of these costs works perfectly for flippers.
Then, Norton explains how the loan-to-value ratio impacts your loan amount. He also goes a bit into the lender inspection process you may have after finishing a flip.
4. Hard Money Lenders – Where to Find Them and 4 Tips to Get Funded (Bigger Pockets)
In this clip, Brandon from Bigger Pockets goes into what you need to have for commercial hard money lenders to approve you. First, he says, you should make sure you have a good deal that entices hard money lenders. Next, you need to prepare a business plan that wows them. Furthermore, you need to show that you will put in a financial stake in your loan so that you stay accountable. Finally, you need to be reliable and follow up on your word.
5. Revealing Interview with my Hard Money Lender! (Lily Invests)
The title may be a bit confusing, but the content in this “Lily Invests” video is exceptional.
It provides a glimpse into one woman’s personal experience working with hard money lenders for the first time for her very first renovation project. In addition, she explains why and how she continues to work with hard money lenders for future projects.
As a bonus, she shares her pointers on how to approach hard money lenders when you’re inexperienced. She even interviews her hard money lender to give viewers a behind-the-scenes look at frequently asked hard money loan questions.
6. How To BRRRR Real Estate with Hard Money Loans! (Sean Pen)
In this one, Sean Pan shows how you can quickly scale your portfolio with the BRRR, or buy, rehab, rent, and refinance period. In summary, he deep-dives into the math behind this method, its timetable, and why the BRRR strategy can be so lucrative and efficient.
Further Reading
If you’re looking to explore the deeper details of commercial hard money lenders, our site has some articles that can help. Here are our favorites:
-
How to Get a Hard Money Loan with Bad Credit
In this piece, we’ll zoom in on the precise role credit plays in the hard money loan approval process. More importantly, we’ll explain the strategies you can use to compensate for poor credit and get that loan.
-
Commercial Real Estate Loans: How to Maximize Your Tax Return
This article shares exactly how you can write off your loan as a business expense. They delve into the fact you can do so if you are legally responsible for the loan, plan on paying for it within a designated timeframe, work with official commercial hard money lenders, and spend your money instead of saving it.
-
10 Questions to Ask Your Hard Money Lender
This article instructs you on how you should do your due diligence with hard money lenders. You should ask about their years in business, references, maximum loan-to-value ratio, and other essential questions.
-
Hard Money Loan Benefits: Top 3 Real Estate Podcast Episodes
Here, we picked out the cream of the crop of hard money loan-centered podcast episodes. Featured podcasts include the BiggerPockets Real Estate Podcast, the Renter’s Warehouse podcast, and the Real Estate 101 by the Investor’s Podcast Network.
Each episode offers a different lesson, whether it be on the costs hard money loans cover or their versatility for beginner and seasoned real estate investors alike. Also, perhaps most helpful is Sean Pen’s cautionary tale that demonstrates exactly why it’s so important to choose a trusted, reliable lender.
Find the Right Hard Money Lender for Your Needs Today
Now that you’ve gotten a crash course in the benefits of commercial hard money lenders, finding one that meets your needs is crucial. Luckily, Maryland Hard Money Lenders has the expertise to help you obtain your loan quickly and efficiently.
Our team of experts offers several short-term loans, whether you want to finance a fix-and-flip project, need bridge financing, or want to quickly fund a rental investment. If you’re looking for a local Maryland lender that’s flexible and effective, fill out our initial loan application today.