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Updated over 4 years ago,
Hard Money questions
Hey, I have never gotten a hard money lender yet, however after watching Brandon talk about the financing I wanted to ask how exactly do they work. I have a general idea out a certain % down they finance the rest. Now do they take monthly payments or just one big balloon payment? Do I give the down to the closing attorney or directly to them? Is there anyway I can find out how they work on a step by step, so I don't look clueless when I actually go trough one? Also do they work for any kind of deal?