The TRUTH About Hard Money Interest Rates EXPLAINED! 🤯
Are you shocked by the interest rates on short-term real estate loans? 🛑 People constantly ask me what to expect when it comes to borrowing hard money. The truth is, most hard money lenders are going to charge double-digit interest rates . If you are looking to fund your next flip or rental property, you should expect the industry average to sit anywhere from 9% to 13% ! While that might sound high compared to a traditional 30-year mortgage, remember that you are paying for the speed and leverage needed to close distressed deals fast and maximize your profit. What is the highest interest rate you would be willing to pay on a real estate deal? Let me know in the comments below! 👇 And make sure to hit that SUBSCRIBE button for more real estate funding SECRETS! 🔔 #RealEstateInvesting #HardMoneyLoans #InterestRates #RealEstateTruth #InvestingTips
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