What are some things or requirements that I should keep in mind or make a check list of before pursuing a hard money loan or private money?
Hopefully I’ve worded this correctly.
Goto your local investment clubs and speak to people actively using hard money. See who they like to use.
Private doesn't look at income and is fully based on credit and the property. They're typically long term, while hard money is short term. Hard money is usually 12-24 months and at a much higher rate. Private lending can be low 5's while hard money is usually 8% - 12%.
@Guifre Mora Thank you!