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Updated about 6 years ago,
What does the seller see? Hard money lenders.
We're starting to seriously consider BRRR as a strategy, but are very inexperienced with hard money lenders. I'm going around trying to set a couple of meetings to talk to lenders, I think a conversation is always a good starting point.
That being said I was wondering how the seller of a property sees hard money. Since it seems to differ to a conventional loan, and I understand it to be more of a "bulk" package of money...is the seller under the impression this is a cash offer? How does hard money look like to them getting the funds, basically?
Thanks!