Meet The Team

Carl Maggio, Principal

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Patrick Hook, Principal

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Scott Butler, Sales

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Blogging About Residential and Commercial Property Loans in Southern California

If you're looking for money for your investment fast, then you should consider contacting private money lenders. A private money lender will specialize in private money loans, which can give you the fast influx of capital you need for your projects of investments. However, there are a lot of myths surrounding these loans. You might not trust a private money loan because of them. To help you make a more informed decision, here is the truth behind common private money loan myths:

Read more: 3 Common Private Money Loan Myths, Debunked

Even though investing in real estate seems pretty simple, there are few risks to consider before making a purchase. you want to make sure you know exactly what you're doing so you don't end up getting yourself in a lot of trouble. Here are some risks to consider before you make any investment.

Know the Area

Read more: 3 Risks to Consider Before Investing in Real Estate

Buying a new house is intimidating, especially for first time home buyers. There are so many choices and boxes that need to be checked off in the process of searching that most people think the work is over once they've made a purchase. Then there's talking to banks or private lenders. A smart home owner knows that there's something else left to do besides moving in, and that's to start building equity.

Read more: How Building a Home Equity can Mean Putting Your Child Through College

It's no secret in the world of real estate that using hard money loans can be a smart and profitable way to fund your investments. Real estate is a field that requires substantial capital to get started, and many people simply don't have access to that kind of money. For instance, a typical borrower looking to take out a business loan from a bank would need to have already been in business for two years with at least $250,000 in annual revenue. More than that, they'd also have to have good business and personal credit scores with a positive cash flow.

Read more: 3 Types of Real Estate That Could Benefit From Hard Money Loans

A hard money loan is a short-term mortgage that can be used for investment properties. They offer many advantages like being able to be obtained quickly and having more flexible qualifications. This type of loan is generally used by both short-term and long-term investors. With that in mind, this article is going to discuss the most common types of people who invest in hard loans.

Read more: These 3 Types of Investors Often Utilize Hard Money Loans

Private money lenders can be helpful if you have a major project that needs funding. They can give you the money that you need to be able to successfully fulfill your requirements, which you will one day pay back.

Read more: 3 Ways to Find Private Money Lenders Who Will Fund Your Deal

Debt is a four letter word that instills fear into the hearts of many. Unfortunately, debt is very easy to acquire, and before you know it you can feel consumed. Know you are not alone, as the latest statistics from the Federal Reserve indicate that the consumer debt in the United States continues to regularly increase, as it reached almost $3.4 trillion in May 2015.

Read more: Debunking the Myths Surrounding Hard Money Loans

If you work in real estate, particularly flipping houses, then you're probably familiar with hard money and private money lenders. In this industry, knowing how they operate and where to find them is essential. But for newcomers to the house flipping industry, finding those resources might not come easily. For example, knowing where to go to find private money lenders or how to spot good private money loans are both skills learned with time. To save some of that time for you, we've created a short guide to help you learn how and where to find private money lenders.

Read more: Where Can I Find Private Money Lenders?

There are so many financial aspects of hard money loans, they can be quite difficult to understand. If you aren't exactly sure how does a hard money loan work, you've come to the right place.

How Does a Hard Money Loan Work?

Read more: How Does a Hard Money Loan Work? 4 FAQs Explain How

Finances, real estate investing, underwriting... These are all complicated aspects that can be nearly impossible to handle by yourself if you aren’t an experienced broker. Luckily, there are hard money lenders who can help individuals with all kinds of property investing and financing.

Read more: Hard Money Loans: Who Needs Them?

One of the most popular forms of financing for real estate investors, without a doubt, is the hard money loan. But what makes hard money loans so highly sought-after? There are numerous reasons why real estate investors like working with hard money lenders, but chief among them are the fact that these loans are fast, flexible, and carry more weight. Below, we'll take a closer look at just three of the reasons why investors like working with hard money lenders, in particular.

Read more: Top 3 Reasons Why Real Estate Investors Like Hard Money Loans

Is there something you are wanting to do, but you don't have the money for it? You want to update your kitchen. Maybe you want to build an extension on your house. These things can get very expensive.

Read more: What You Need to Know About Hard Money Loans

If a home sells at least twice in the same year, it's considered house flipping. House flipping strayed from the spotlight for a little while, but now it's coming back in a big way. In fact, house flipping made up 6.1% of all U.S. home sales in 2016.

Read more: House Flipping is Coming Back to California in a Big Way

Contact Us

12526 High Bluff Drive, Suite #300
San Diego, CA 92130

info@maggiocapital.com
858.764.4436

California Department of Real Estate
Real Estate Broker,
Broker License #01883341,
NMLS #308757

NMLS Consumer Access
https://www.nmlsconsumeraccess.org

Maggio Capital, Inc., is a direct, private or hard money loan lender in San Diego, California. We originate, underwrite and fund non-traditional mortgages on residential and commercial properties throughout California and Texas.


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