Hard money loans are a type of asset-based loan sometimes referred to as short-term bridge loans. Since they lean on the property of the borrower as opposed to his or her credit, these hard money loans are popular among house flippers and developers. They aren’t the only ones who can benefit from hard money loans, however. Read on to determine if a hard money loan is right for you.
How does a hard money loan work
Through a hard money loan, a private individual or group of individuals serves as a hard money lender. This lender will provide short-term financing based on the value of the property or assets you’re willing to provide as collateral. For house flippers and developers, this property is often the building or land they’re planning to develop and sell. Almost any type of property can be us
If you are one of the millions of Americans that is dealing with financial challenges, it might seem like there is no hope of relief. The truth is, sometimes the most basic option is the best first step. Below you will find information that will hopefully give you a better understanding of your financial situation and what to do about it.
The First Step of Financial Management is Make a Record of Your Expenses
It might seem simple, but one of the best first steps to take when trying to asses your financial assets and Continue Reading No Comments
Selling fixed annuities can be a hassle, but before you begin to think about selling, you need to fully understand what an annuity is. Annuities are an insurance product that pay income at a fixed rate, and are a popular choice for investors who want to receive a steady income stream in retirement.
The income you receive from an annuity can be doled out monthly, quarterly, annually or even in a lump sum payment. While annuities can be useful retirement planning tools, they can also be a poor investment choice for certain people because of their high expenses. For this reason, many people try to sell their annuities. If you’ve decided to sell your annuity, here are two ways to go about it.
Annuity holders who are looking to sell should be aware that due to trans
For many business owners, their only exit strategy is a sale of the company, either because they have no heirs or they don’t have employees who can take over the business. A business owner getting out of the business is going to want to get as much as possible for the business, which is why it is important to employ business evaluation services to come up with a business valuation that is at the high end of what the market will pay.
There are more than 26 million businesses in the U.S., and the vast majority of those are small businesses. About 21 million of those businesses have no employees at all, and 99.7 percent have fewer than 500 employees. With very tiny businesses, it can be hard to set a value, because much of the intangible part of the business can be tied up with the owner.
Recently, as I was standing in line at the bank, I overheard the employees chattering excitedly regarding the upcoming lottery. Apparently it was going for a lot of money this time and people were hopeful. Everyone was talking about having a secure financial future and how it would be even better if it came so easily. They were all going to go in on some tickets so that in the event that they won, they would split the winnings. However, what happens if they do win? There are a few things that they probably hadn’t thought of in the excitement of the large pool. Payout options are the first thing that they should think about and decide before hand.
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How do you create a secure financial future? Some would say it’s saving up your money bit by bit in a piggy bank, only cracking it open in case of an emergency. Others would say it’s spending your money wisely and avoiding temptation. Yet more would note that it’s difficult to save money without a concrete, long-term plan in place. With annuity settlements and lump sum payment options, a secure financial future can be more than a distant dream — it can be your reality. An annuity involves creating a long-term financial plan to put an active dent in your debt and redirect your funds where you need it most, whether i
Annuities and debt can often be hard concepts to understand and address, but paying off your debt doesn’t have to be a struggle. Understanding the definition and purpose of an annuity and ways to reduce debt are the first steps to becoming financially smarter.
What is an Annuity?
An annuity is a financial product sold by insurance companies that allows you to put aside money, have it increase each year without paying taxes, and then trigger a stream of future payments on a timeline that you may control. Those payments are taxed as ordinary income, but unlike IRAs, there is no income limitation on how much you can place in an annuity.
Who Makes Money on Annuities?
Insurers make money on annuity fees, as well as the management services the
Companies used to be able to turn to accounting firms or other financial institutions to have a business valuation calculated. It only made sense that these number-savvy individuals who spend much of their workday analyzing financial data would be a good resource for a business valuation service. As with most aspects of business, however, specialization has replaced these old financial wizards with specialized business valuation companies. For a business valuation you can trust, it’s always best to consult an expert in the field. The tricky part is: How do you choose among them?
When it comes to selecting a business valuation company, there are a number of things to keep in mind. Cost and experience are, of course, relevant, bu
What to do when you win the lottery? First of all, of course, you should celebrate! Break out the champagne, throw a party, start looking at brochures for a cruise or your dream home. But quite early on, maybe even in the first week or so, you should make a financial plan. It might seem like a lot of money, even more than you think you could ever spend in your lifetime. You’d be surprised at how fast it goes. One of the first things you should also consider is if you should sell your structured settlements.
Plan your financial future
Of course, you’ll fine-tune your plan as you move ahead, and get advice from financial experts. But if you plan ahead and decide how you’re going to use the money –
Commercial real estate is an industry that is undoubtedly booming — a fact that is made even more remarkable by the fact that a few years ago, real estate seemed to have an uncertain future. If you’re wondering about how to buy commercial real estate, or for that matter how to get into the industry in the first place, you’re not alone. Furthermore, you shouldn’t feel as if you have to have a deep history in real estate investing to become involved in the industry. What you will need, however, is a lot of advance research and at the very least an experience mentor to help guide you through the real estate investment field. While there is m