Why do people use Hard Money Lenders ?

2 Replies

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