If you are an accredited investor, you probably invest a sizable percentage of your wealth in the real estate market. If you don’t, you can skip out on one of the best asset classes to expand your investment portfolio.
This review will examine LendingHome to determine if it is, in fact, the top lending platform available.
You will discover if hard money lending is your ideal online business.
I will respond to the most frequently asked questions about LendingHome and hard money lenders at the end.
However, the most significant thing is that you’ll discover the precise strategy many others have employed to grow their internet marketing businesses to over $40,000 a month in primarily passive income.
This strategy forced them to give up hard money lenders forever since it employs some of the same techniques but much more effectively and profitably!
There are countless information courses floating around the internet. Why? Because for every problem that exists, someone claims to have the solution.
And that solution is usually some oddball money-making system that tells you how to turn a casual interest – or maybe something you’re passionate about – into sustainable, reliable income.
Just like LendingHome Review, Here’s the hard truth, though…
Most of these programs:
- Take way more time than you’re led to believe.
- May have hidden fees.
- Require you to buy multiple upsells to get the “real” information
But most importantly, a lot of these programs just don’t scale.
“Scale” means once you do the work to make a little money, it should get easier to make more money, not harder.
The problem is, that most programs out there make it hard to make money at first and even harder to keep making money.
In other words, you might be able to make some money initially, but it won’t be sustainable, and you’ll get discouraged.
This is the exact opposite of passive income.
When income is truly passive, you do the work upfront, but then you set it and forget it. The money gets made whether you’re working or not. It’s not directly tied to the hours you put in.
So, what if there was a way you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Selling to friends and family.
- Selling to strangers
- Recruiting people
- Dealing with questionable products that weigh on your conscience
An income stream that brings in consistent revenues every single month (from a couple of thousand dollars to well over $10,000)?
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day chasing, selling, or managing anything?
If that sounds like something you’d be interested in, check out Digital Real Estate.
This is nothing like the best lending platform, and that’s probably a good thing.
However, if you’d still like to know more about LendingHome, keep reading.
What Is LendingHome Funding Corporation?
It is essential to differentiate LendingHome from traditional crowdfunding business opportunities. Without waiting for a sufficient number of an investor to join the pool before LendingHome invests, you may access fully financed transactions with Lending Home.
As a “direct lender,” Lending Home finances loans with corporate money instead of investor capital.
After a transaction, LendingHome offers accredited investors and institutions the opportunity to participate in real estate investment. Institutions can purchase the entire transaction outright, or LendingHome will make it available to individual investors via “platform notes.”
The loans allow the company and investors to access the deal’s cash flow, allowing them to earn a passive income from their investment.
Individual accredited investors can access the company’s portfolio of investment opportunities via its website and select the deals they believe meet their investment criteria.
LendingHome requires a $50,000 minimum capital investment to use the retail platform. On the other hand, Platform Notes are available to investors for as little as $5,000.
Where Is Lendinghome Available?
Only US residents are allowed to use LendingHome. Even if you are from Canada, foreign investment is not authorized.
Let’s say you want to use a business-like LendingHome, but you are not a resident of the US. In such a scenario, you might be interested in choosing Streitwise, which welcomes international investors.
Who Is LendingHome Designed For?
A lending platform called LendingHome is accessible to institutional and accredited investors. You must therefore meet the requirements for accredited investors, including the criteria for income and net worth.
Before enabling any investors to sign up for the program, LendingHome’s retail investor platform checks their financial standing. Imagine that at any time, your accredited investor lessens. The website will next ask you to reaffirm your accreditation to proceed with the transaction.
How Does LendingHome Work?
LendingHome Funding corporation allows hard money loans for bridge loans to accredited investors.
It also offers rental loans for properties that the borrower does not own. Once a home mortgage loan originated on the LendingHome platform has been funded, the unsecured forum notes an obligation by LendingHome Funding Corporation that connects to the original loan.
Investors aren’t paid under the Platform Note if LendingHome cannot collect payments under the underlying mortgage loan. LendingHome services defaulted or past-due home mortgage loans, and you get paid in full.
Investors can review property deals on the real estate investment websites actively seeking investment before investing directly in platform notes. Sign up for the site to begin searching for deals that meet your investment criteria, or use the auto-invest feature to build a portfolio of real estate investments based on your desired level of risk and return.
Bridge loans and rental loans are the two types of loans offered by LendingHome.
A bridge loan is a fast loan used to fund real estate purchases that finish as soon as possible. This financing model is typically used to resolve financial acquisitions before locating permanent financing or selling the home. Investors looking for funding for their next real estate deal can use the LendingHome bridge financing program.
Landlords can borrow money for rental loans based on the property’s debt service coverage ratio (DSCR). The Debt Service Coverage Ratio (DSCR) assesses the property’s ability to pay monthly mortgage payments with cash generated from rental income. The minimum DSCR of 1.0x required by LendingHome requires rental income to cover total property expenses, including principal, interest, taxes, insurance, and association dues.
As a result, LendingHome charges accredited investor a 10 percent servicing fee on the Platform Note coupon rate, which depend on the property’s risk profile.
In addition, LendingHome charges a performance-based fee deducted from investors’ monthly interest payments. The charges typically vary from 1.15 to 2.6 percent.
LendingHome won’t charge the performance fee if the investment doesn’t perform as expected. These incentive fees help offset future losses.
What About Investment Risk? (With An Underlying Mortgage Loan)
The Platform Notes released by LendingHome Funding Corporation are secured, limited-recourse debt securities linked to an underlying mortgage loan created on the LendingHome platform.
LendingHome pays Platform Note installments and collects fees under the underlying mortgage loan when, when, and if there are net transaction expenses. In the case of a default or delinquent, LendingHome will handle all servicing; nevertheless, you will still allow a percentage of the payoff.
LendingHome takes the following precautions to reduce the risks associated with investing in Platform Notes:
- LendingHome establishes a first lien position against the underlying real estate asset for the loan amount. In the event of a default, this lien takes precedence over all other liens or claims on the property. At a weighted average loan-to-value of 70%, the borrower will lose significant equity before your loan is negatively impacted.
- For each loan, a title insurance policy from the lender is obtained to protect your financial interests from being harmed by defects in the title or third-party claims.
- The Hazard Insurance policy names LendingHome as the first loss payee to protect your loan in the event of unintentional damage or destruction caused by fire, smoke, wind, hail, theft, vandalism, or another similar event. To facilitate the special servicing process, no subordinate liens may be recorded against the property.
- LendingHome offers loans to the userved — rehabbers who cannot obtain traditional loans promptly. The risk of default could be higher or lower; there is simply not enough historical data to know.
LendingHome claims that as of June 30, 2016, they had a 7.2 percent delinquency rate (60+ days), four foreclosures, and historical losses of less than 0.01 percent of the 3,500+ loans they had issued.
LendingHome currently provides loans in the following states: Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Maryland, Michigan, Oregon, Pennsylvania, South Carolina, Missouri, North Carolina, Nevada, New Jersey, New York, Ohio, Tennessee, Texas, Virginia, Washington, and West Virginia.
Is It Easy To Get Hard Money Loans?
There shouldn’t be any shocks for real estate investors looking for a fast hard money loan. They desire hassle-free, rapid cash loans with a speedy turnaround.
Fast Hard money loans are fortunately easy to locate.
Is LendingHome A Scam?
So, is LendingHome, a scam? Not technically. You can make money with this program, but it’s definitely not as easy as LendingHome, make it sound.
There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – it doesn’t scale.
Now,There’shing wrong with front-loading the work and making money later.
But if you’re grinding it out for 3 months and then your reward is being forced to grind it out for another 9 months before seeing any “real money,” well…that’s not a great deal, is it?
What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
And you can legitimately do this from anywhere. It’s a tran actualestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They can travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
Are There Alternatives To LendingHome?
Yes, there are plenty of other business models to choose from if you want to pursue making money online. Here are just a few:
What Is My Top Recommendation In Making Money Online In 2022?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the ,”search IS conclusive:
Digital Real Estate is the #1 online business model for those just starting out.
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full full-time do this. Yes, the more time you put in, the faster you see results. But even with a bit of time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
2) You Own & Control EVERYTHING: With best lending platform, you don’t really own anything. You have no control over the quality of products. You don’t even own your “business.”
Look at the fine print for most of the agreements folks sign when they join one of these companies. At any point, the company can change your commission structure, reduce your profit margins, or kick you out entirely.
With Digital Real Estate, you own the assets, which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple of keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,0monthlynth in semi-passive income (over 95% profit). Every time you decide to create another one and increase your yorevenueome, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with LendingHome, you’d probably need to double the number of hours you spend working. Because, again, this program doesn’t scale.
5) Make Money Helping Real People: With Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like LendingHome, which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality—at the same time, joining a community of over 2,000 successful students that are living life on their own terms ,thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.