hard money lending Questions
Good morning to all. I want to reach to ask about hard money lending, I was seeing if anyone can tell the good / bad / and ugly about getting this type of loan. If I go this route I am looking to use the hard money to buy a multi-family unit and rent it out. How does the loan get paid back? is there a timeframe that the borrowed amount needs to be returned? Do a lot of starting out investors use this method? Can I refinance after the loan is paid off? I am open to attending REI meetups, is that a better place to look for investors? any sort of advice, would be greatly appreciated!
Regards,
Stephen