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Updated about 1 year ago on . Most recent reply

Hoa Nguyen's profile image
Hoa Nguyen's profile image
Hoa Nguyen
  • from Edwardsville, IL
  • Member since Oct 28, 2017
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79
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44
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Hoa Nguyen's profile image
Hoa Nguyen's profile image
Hoa Nguyen
  • from Edwardsville, IL
  • Member since Oct 28, 2017
Connect
Hoa Nguyen
  • Edwardsville, IL
44
Votes |
79
Posts
General Real Estate Investing

How do hardmoney withdrawals work?

Hoa Nguyen
  • Edwardsville, IL
Posted

This may be a simple question, but have yet to find a clear answer. 

Got approved for an HM Loan, and it mentions that the construction portion of the funding will be held and construction draw requests will be sent accordingly. What exactly does this process look like? Do I complete work out of pocket and send invoices for reimbursement? Sorry first time going this route. 

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