Why do people use Hard Money Lenders ? Why do investors use hard money lenders ?
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every investor has different exit stragegy....
if its long term... you want it to be fixed maybe 30 years or 40 years
if its a quick rehab maybe ARM short term
if its a quick wholesale flip...i use hard money...(easier to get the loan)
however, this is risky if you can not find a buyer
i used this approch only when i am sure to find a buyer