Archive for January 2020

When you find a good deal on the perfect piece of real estate, especially if you’re in the fix-and-flip business, you need financing fast to purchase the property. “Hard money†was a term first coined in the 1950s, and it refers to a loan made based upon property assets instead of credit. Private money loans…

Hard money loans are common in transactions that require quick turnaround time. One of the most common instances you might need a hard money lenders’ help is with a fix and flip purchase. Unlike commercial banks where loans are held for a long time, hard money lending involves few bureaucracies. In essence, hard money loan…