Teach me about Hard Money.
Hello Everyone, I am looking for some education on Hard Money. When I purchase a property with hard money, do I still have to wait for 6 months before I can refinance? Or is hard money considered the same as cash, so technically i can refinance when ever I want? Are there any hard money loans that do not require payment per month, but rather at the end when you sell the flip or when you refinance out? What are other aspects of hard money loans that I should watch out for? Also, has anybody ever used hard money lenders that advertise on Bigger Pockets? are there any recommendations for hard money or private money lenders in Missouri?