At this point, I have pretty good credit score—and this does actually help me to get a lower interest rate from private money lenders Arizona, which is nice. However, my credit score was pretty low when I started out, but that didn’t stop me from getting a Mortgage from hard money lenders Arizona. These private money lenders Arizona do not have the same standards as banks where you would get a conventional Mortgage. They are usually individual people who just want in on a piece of the profit you are going to make on your investment.
I have over twenty real estate investment transactions under my belt—which means that I have bought, flipped and sold that many properties since I started out. I have used hard money lenders Arizona for every transaction. Besides the fact that the private money lenders Arizona don’t care about my credit score, they are also a lot faster with getting the money that I need quickly so that I can get the property and start working on flipping it right away. At first, the hard money lenders Arizona provided all the money I needed, with no out-of-pocked expenses for me, whatsoever. This was great—because I had no money at the beginning. Now, I am able to borrow less from the private money lenders Arizona. I am very grateful for how successful I have been in real estate investing, and I don’t think I could have done any of it if there weren’t hard money lenders Arizona.