If I'm hard money lender can I take the house from a borrower that doesn’t pay? Do I foreclose him?

benzmiller76 (37)in DTube • 4 years ago

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Good question.

Foreclosure is expensive and time consuming. If you can ask your borrower to transfer the asset to you with a deed in lieu of foreclosure. This saves you the time and hassle of needing to foreclose.

A lot of new hard money lenders need help as they want to learn the secrets of how to be a successful hard money lender but have no experience.

You need a proper financial education and a mentor. If you are serious about learning, then contact my office at http://www.benjaminzmiller.com by filling out the contact form. Also you should start going to the weekly investor meetings on Sunday where I educate hard money lenders on how to make more profitable loans with fewer issues.

https://www.meetup.com/benjamin-z-mil...

I hope that helps and good luck with your investing!

Benjamin Z Miller
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[email protected]

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