Is a hard money loan a cash buy?

[Frank Ambrosino]

Hello everyone. Is a hard money loan considered a cash buy? I keep hearing a lot of mixed answers to this one and would like someone to set me straight on this once and for all

[Michael Glist]

@Evan Polaski is correct a Hard Money Loan is not cash. A lot of buyers will as stated make a cash offer to the seller with the intent of using hard money which can help in getting the deal due to the fact that the transaction can move quicker than a traditional conventional loan. The only thing you have to be careful with here is making a cash offer and having the seller or agent request proof of funds to ensure that you do indeed have the liquid cash available to mask said cash offer. 

I hope this helps.