Hard money for beginners

[Chase Gruening]

Can someone explain the hard money concept in the context that someone knows nothing about it.  

Terms?

Fees?

Advantages?

Disadvantages?

Qualifications?

Which method of investing this works best for?

Which method of investing this works worst for?

Possible example?

Anything else that would be helpful for beginners

Thanks

[Jay Hinrichs]

4 reasons for HML or private money loan.

1. fix and flip

2. fix and refi

3. ground up construction / then sell.

4. wholesaler controling inventory. 

time kills returns on HML. IE 2 much time the only one making money is us lenders.. you get squat or you will have to cut a check.. 100% can happen 99% of the time for only very experinced and through the company they have a big long track record with.. those that charge you up front for so called education make their money selling the system and many never do get funded as the deals just never stack up.

take the most risky loan put a newbie out there and you can see they are not going to get many smokin deals that a lender will take a risk at 100% the two dont go together.. and its really not no money down you have to pay for programs up front where U simply could use that money as equity and not lose it.