Hard Money - Buy And Hold
Hard money is normally a short term lending product so it fits flipping houses very well. It can also fit buy and hold properties as well as a cash out refinance. It is not intended to be the final loan on a rental property but it can be used to acquire the property and fix it up before the client then refinances out for a long term loan. Many times banks won't want to deal with a property that is in a condition that a client wants to buy it so hard money is able to fill that gap.
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