One West Hard Money is the premier lender for real estate investors looking to finance their investments, without the hassle and complexity of traditional banks.
Quick Financing for the Investor on the Go
Whether you’re just getting started with real estate investing or are an experienced pro, One West can help you unlock your investment dreams. We offer quick financing, in the form of a hard money loan, for the wholesaler who needs to close on a property fast.
Experience & Expertise
Guidance and Support For New Wholesale Investors
One West is a hard money lender that has the experience to provide guidance to new wholesale real estate investors, so you can be assured that your investments are in good hands. We make sure our customers have all the information they need to make informed decisions.
We understand that investing in real estate can be a daunting prospect, especially if you’re just starting out. That’s why we’re not stingy with our advice to ensure that your first experience is a success. With our expertise, you can easily start to see returns on your investment quickly!
Secure Lending Solutions
One West offers secure private lending solutions tailored to suit the needs of each investor. We will help you find the best financing option available so that you can start building wealth through real estate investing with confidence!
What is Real Estate Wholesaling?
Real estate wholesaling can be a great way to make money. Typically, wholesale real estate involves finding a property that is deeply discounted. The distressed homeowner sells the property to a wholesaler who will then resell the property to another investor or end user. In exchange, the wholesaler pays the owner, quickly, as-is.
However, it can also be a big risk if not done properly. This is why it’s important to have the knowledge and tools necessary to get started. There are several techniques you can use to become a successful real estate wholesaler.
Getting Started in Wholesale Real Estate
Whether you choose to work with a real estate agent, wholesaler, or yourself, the process is similar. You will need to find properties at a discount, and then negotiate with the seller for a price that you can afford. Many wholesalers use a variety of resources to help them locate suitable properties.
To become a successful wholesaler, you need to have strong communication and negotiation skills. You should also have a solid understanding of the local market. When you find a deal, it is important to act quickly. Otherwise, you could end up losing the earnest money. A good marketing strategy is key.
Another key asset for a wholesaler is a list of cash buyers. These are people who are likely to purchase a contract from a wholesaler. They are also an excellent resource for finding properties that are available at discounted prices. To begin the search, you should contact real estate agents and local investing groups. If you’re not in a big city, you can look for distressed homes in your neighborhood. Some foreclosures are suitable for wholesale deals, but it is recommended to speak with a lender before making a purchase.
Where to Find an Investment Property
Finding a wholesale real estate deal can be a lot simpler than you might think. You can start by searching online and you might even find a deal driving around your neighborhood. Regardless of the method you use, it is important to build a solid network of other investors in your area. Find active real estate groups and attend local investing meetings to learn the ins and outs of wholesaling.
How Does Financing work with Hard Money Lenders?
Hard money lending can be a great and fast way to fund a wholesale real estate investment. Short-term loans provide you with the speed you need. The quicker you close, the quicker you can resell to your fix and flip investor.
One West will finance a loan amount up to 70% of the after-repair value (ARV) of an investment property. Keep in mind, there are also closing costs. Generally, you can expect to pay between 3%-4% in closing expenses without taxes. We offer a 6-month renewable term loan with a 12%-16% annual interest rate. There is also a 2.5% origination fee and an application fee as well. We will only loan private money to a private entity such as an LLC.