Updated over 8 years ago on . Most recent reply
First time buyer, wanting advice on the Hard Money Loan process
Hello, I am a little confused about using a Hard Money Loan. Do you have the property under contract and then present the information to the Hard Money Lender? When does the hard money lender come into play? For example, if I ran the numbers and everything was great for a potential investment property, and I wanted to buy it, I would go to the lender, present them the information, then they would assess the situation and go ahead and lend the money? (I know the process is more complicated than that, just trying to keep it short). Thanks in advance.