Updated almost 3 years ago on . Most recent reply
WHEN IS HARD MONEY THE RIGHT FINANCING SOLUTION
These are the times when you should consider Hard many financing:
- Fix & Flip
- Rental Properties
- If proof of Income is an issue
- Low Credit Score
If you find the right property and have a solid plan that you can execute. Many lenders are willing to work with you.
- LaMancha Sims
Sims Ventures.
Most Popular Reply
Another scenario in which Hard Money may prove valuable is when you are working with a borrowing entity that requires a non-recourse loan, such as a SDIRA or a Solo 401K. Conventional lenders are not able to make non-recourse loans so the Hard Money space fills the gap for investors who are seeking leverage on their tax-deferred real estate purchases.
Happy Investing!