Hard Money Loans good idea or not

3 Replies

Originally posted by @Michael LaVan :

How do you guys feel about hard money lending? DO you recommend any banks for personal loans?

 Personal loans could work if you need below 50k in cash. Banks have lower rates but longer closing times and often more red tape. 

Hard money is more expensive but has minimal requirements and can close much faster than a bank. Hard money is a great tool that works in the right situations. What is best depends on the your situation and the deal.