WHY USE HARD MONEY?
- hard money loans are based on the after repair value of an investment not the cost of that investment like most bank loans
- lower cash required per deal
- allows an investor to have cash in multiple projects rather than a huge sum tied to one
- hard money closes significantly faster than bank loans
- hard money makes your offer more desirable in a competitive market
- hard money is more flexible than bank loans
- should you decide to keep an investment, hard money can be re-financed to a bank loan after repair