Ladies and gentleman, Gary Myers is back to answer your most asked questions! Today we will be discussing the risk assessment of hard money loans.
There will Always be Risk
Risk is always at the horizon, you just never know when the market might shift, interest rates change, or contractors walk off the project. There’s always going to be some type of risk investing in real estate.
Reducing the Risk of Foreclosure
At Cogo Capital, we reduce the risk of foreclosure through due diligence with regard to the contractor, the property, and the scope of work. There’s a lot of things we put into the details to minimize the risk, because private money lenders are in the cash flow business. When there is no cash flow, there is a chance of foreclosure, and we never want to foreclose.
Interested in a Hard Money Loan?
Get answers to any of your Hard Money Lending questions. A Cogo loan analyst will provide you the information you need to complete your next investment opportunity. Answers are free and the people are friendly. Call 800-473-6054 for your consultation today or click the button to start your loan application process today!
Gary Myers is the Vice President of Cogo Capital. As a passionate educator on real estate investing and private money lending, Gary has helped thousands of investors realize their dreams of investing in real estate. An avid investor himself, Gary teaches students how to utilize private money to broker private money loans and fund purchase and rehab projects.