Tidal Loans

Investment properties can be highly lucrative in today’s real estate market. When investors purchase a fixer-upper home, there are two main options for obtaining a loan if there is not cash in hand to make a purchase. Investors can seek out a conventional loan from a bank, or a hard money loan from a private lender like Tidal Loans. But what exactly is a fix and flip loan, and why should investors choose Tidal Loans over other more conventional methods? What is a Fix and Flip Loan? Simply put, a fix and flip loan is money borrowed with the intention of rehabbing, and then selling, a property. When an investor finds a low-cost property, chances are the property is in dire need of repairs. Whether the home needs cosmetic updating, new flooring, or a complete gut and remodel, a fix and flip loan covers the cost of the property and the cost of making repairs. What Can a Fix and Flip Loan Be Used For? A fix and flip loan can be used for any inve...

A hard money loan is a unique kind of loan that is not usually based on credit scores. Instead, hard money loans are based on the estimated value of the property that you own, meaning that with hard money loan, your property acts as collateral. Since this kind of loan can be somewhat risky for the lender, banks typically do not offer these kinds of loans. Hard money loans are usually obtained from a private company or individual willing to take the risk. The Purposes of Hard Money Loans Hard money loans are most often used in the real estate sector, either by people who are buying investment properties, or those who use the loan to buy a house, fix it up, and then resell it. These money loans can also be used by people who are on the verge of tax foreclosure or simply have bad credit scores and need to obtain a quick cash loan. Most hard money loans terms last between 1-3 years, giving borrowers ample time to repay. Advantages and Disadvantages of Hard Money Loans ...