Purchasing a piece of property is a complicated process in even the best of circumstances. Compound this exhausting and financially intensive situation with the addition of your parental responsibilities. When you start shopping for a home as a parent, there are certain concepts that you need to consider for the benefit of your family and, particularly, your children.  Today, we are going to break down five concepts that you should pay attention to as you shop around for your next home.

1. Access to Local Amenities

As every parent understands, access to amenities will always reign supreme when you have children. Young or old, make sure that your new home has access to amenities such as parks, recreational centers, affordable grocery shopping, and other such services. Access to affordable and entertaining amenities can add a new dimension to the quality of your home purchase.

Remember: You are not just purchasing a home, you are also buying into the neighborhood and surrounding area.

2. Quality of School District

If you have student-aged children, finding a home inside of a great school district should be at the top of your list. Not only will you want a great school district for your own children, but this feature will also help you in the future should you chose to sell your home. You can find out more about local school districts by investigating parental Facebook groups, city subreddits on Reddit, and even by working with your a professional realtor.

Remember: School districts can vary from one neighborhood to the next. Work with a talented realtor or an online assessment tool to ensure the quality of your school district.

3. Neighborhood Safety + Privacy

According to a survey released by the team at Berkshire Hathaway, nearly half of all homebuyers ranked neighborhood quality atop their list of desired features. There are a variety of ways that the quality of your neighborhood can directly impact your life. A neighborhood filled with families may mean that your children get to grow up with local friends. Additionally, you will want to inquire after the privacy and safety statistics of your desired areas. Look into local crime statistics as well as recent news reports for potential neighborhoods.

Remember: There is more to the safety and privacy of a neighborhood than meets the eye. Before committing to a property, take a chance to visit it at different times of the day and week. Sometimes neighborhoods can change dramatically on the weekends or after dark, case-in-point: a home in Wrigleyville in Chicago, IL, would look quite different during baseball season!

4. Home Layout + Room to Grow

Whether you are expecting your first child or already have a couple of children in the family, pay close attention to the layout and size of your targeted homes. It is amazing how fast a child can outgrow their bedroom. If you plan on staying in one home for a prolonged period of time, consider purchasing a home larger than what you currently need.

Remember: Consider purchasing a slightly larger home than you need if you plan on sticking around for a while. Having room to grow can provide longevity to your house purchase.

5. Include Your Children

Finally, you should consider including your children during your house hunting escapades. While your children shouldn’t get the deciding vote when you are purchasing a home, they should still have a voice. If you are going to be moving to a new home away from your old hometown, this is particularly important.

Remember: Include your children in the home-buying process. This will make your move easier for both you and your children.


Have you ever heard of Hard Money Lenders in California? What does this type of lender do and when in life would a person need to take advantage of this type of lender? These are the questions we are going to answer, so keep reading to find out whether a hard money lender can be the solution to your unique mortgage situation.

What Is a Hard Money Lender?

A lender is considered a hard money lender when it lends money outside of a traditional bank or credit union. Hard money lenders are known to lend money to individuals as well as businesses.

In some instances, hard money loans are referred to as bridge loans. Bridge loans are short-term loans that are many times used by investors, particularly those in the real estate industry. The funds accessed through bridge loans are generally used by real estate investors to flip homes and renovate properties. The funds themselves are typically provided by investment groups or private lenders.

A person or entity who wants to access funds through a hard money lender will need to provide equity in order to qualify. This is because most hard money lenders base an entity’s qualification status on equity rather than a credit score. In fact, because of this, you may have heard of hard money loans being referred to as equity-based loans. With hard money loans, you won’t have to fill out a bunch of paperwork and provide all types of documentation to prove you have good credit. Instead, you simply put down a large down payment to offset the lender’s risk in loaning you money.

If, however, you do want to use your credit to secure funds through a hard money lender, then you should make this known when you start applying for funds. Let the lender know you are willing to provide documentation of good credit to try and lower your interest rate on the borrowed funds. Some hard money lenders will provide a reduced interest rate for those with really good credit. If you can’t find a hard money lender willing to provide a reduced rate for good credit, then you may find a traditional lending route to be more appealing. A conventional lender will without a doubt almost always be able to provide the lowest interest rate possible on a mortgage.

Why Should You Get a Hard Money Loan?

If you don’t qualify for a conventional mortgage loan through a bank or credit union, then a hard money loan may be the only way for you to get a mortgage. On the upside, a hard money loan gives you access to funds much faster than a conventional loan. Hard money loans are usually processed and available within only a few weeks or days.  A conventional mortgage can take months to get approved for and access to funds.

The following is a list of borrowers who tend to access funds through hard money loans:

Property Flippers

Do you buy homes, renovate them, and then flip them for a profit? Or is this something you think you might be interested in? Either way, you will need funds to perform property purchases and renovations. Unfortunately, a lot of conventional lenders won’t provide funds for flipping properties. However, hard money lenders especially like lending to property flippers because they know they will get their money back as soon as the property is flipped (as long as a profit is made). It’s a win-win for everyone. Property flippers get fast access to cash to perform renovations while the lenders know the property will be flipped as fast as possible, meaning they get their funds back fast too.

Can’t Qualify for Traditional Loan

There are numerous reasons as to why you may not qualify for a traditional mortgage loan. Take for example you are going through a divorce. Your credit score is good but the divorce is holding up things when it comes to accessing funds through a traditional loan. With a hard money lender, you don’t have to fret about the divorce. Instead, you can explain your situation and mention the equity you have to work with. This will help the hard money lender understand how much you want to borrow and whether you have sufficient equity to back up the loan.

Homeowners Facing Foreclosure With Lots of Equity

If you’re facing foreclosure but have lots of equity and want to keep your home, then you should definitely speak with a hard money lender. However, keep in mind that the only way a hard money lender will want to work with you is if they can:

Final Thoughts

Are you considering applying for a hard money loan? We hope the information we provided above helps you have a better understanding of how these loans work and who most commonly takes advantage of them. Most hard money lenders provide flexible repayment terms, but most importantly, they give you fast access to cash, making it simple to get your hands on the money you need when you need it. Just remember, you don’t need a top-notch credit score to get funds through a hard money loan. Instead, you simply need equity, or in some instances, some form of substantial collateral. These loans are meant to serve as a short-term form of funding, so don’t approach or use them as a long-term form of getting your hands of cash. When used correctly, California Hard Money Lenders can help you make and save money.

Hard Money Lenders California

Many people have likely seen or at least heard of reality television shows that follow the journey of real estate investors who purchase a property that requires some tender loving care and carefully transform it into something they can sell for a significant amount more than what they spent on it. This is also called flipping a property.

California Home Builder Reviewing Construction Plans with Clients

One of the latest trends in real estate investing is flipping houses. More people are buying homes that are selling for a low price to make renovations and changes that can boost the value of the home, quickly turning the home around for a profit. Unfortunately, it is possible to do house flipping incorrectly, which can end up costing you more money than you make.

Hard Money Lenders California

Hard money loans offer a range of benefits for businesses and investors, including fewer limitations, better negotiation power, flexibility, faster approval time and more. However, not all hard money lenders in California are the same, and some will offer you a greater advantage than others. For this reason, it is important to compare your options carefully before selecting any lender. Below is some information to help you understand what makes a good hard money lender, as well as how to choose the right lender for your specific needs.

Hard Money Lenders California

If you love watching those flip or flop shows that take dilapidated or outdated properties and turn them into gems that make a profit on the real estate market, then you might be wondering how to get the money to do something like this in your own home town.  Rehab loans are a niche type of loan offered by rehab lenders, also known as hard money lenders.  Typically there is a lot more for borrowers to understand with these types of loans than with traditional loans you get from a local bank. Read more

Lender Meeting with Clients

When it comes to hard money loans, what are the personal guarantees that lenders expect?  Before going into that, you need to know the difference between a full recourse loan and a guarantee.  Your hard money loan is either a full recourse loan, meaning the lender can lawfully pursue the borrower’s other assets to pay the debt if the borrower’s collateral is not enough to cover the loan, or a non-recourse loan, meaning the borrower’s assets are protected as being separate entities and can not risk being liquidated. Read more

Loan Contract Being Signed Stamped and Approved

If you’ve ever closed a traditional loan, you know how long it can take. However, expect a hard money loan to take even longer and to have a lot more involved in the closing process.  You can expect your hard money lender to help you through this process and give you a checklist of required documents and items required to close the hard money loan.

Hard money loans have a lot of people involved in closing a hard money loan and we will take a closer look at each one and the job they need to do. Read more