How would you close if hard money lenders are involved?

[Shep Stephens]

When I'm wholesaling a property to a rehabber, and he uses a hard money lender, will my seller still get paid "cash". Is the process at closing different for that? I only know of the end buyer writing his own check for the closing, but if he uses a hard money lender, will the check be written from the hard money lender instead? Or does the lender give money to him first, and then he is able to write his own check. How does it work?

[Jon Holdman]

But, Corey Dutton, the seller still ends up with cash out of the deal. It is indeed a financed deal, but the seller ends up with the same money whether the buyer finances the deal with hard money, a conventional loan or pays cash.