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Updated over 2 years ago on . Most recent reply

User Stats

129
Posts
29
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LaMancha Sims
  • Lender
  • Atlanta, GA
29
Votes |
129
Posts

WHEN IS HARD MONEY THE RIGHT FINANCING SOLUTION

LaMancha Sims
  • Lender
  • Atlanta, GA
Posted

These are the times when you should consider Hard many financing:

-  Fix & Flip

- Rental Properties 

- If proof of Income is an issue

- Low Credit Score


If you find the right property and have a solid plan that you can execute. Many lenders are willing to work with you. 

Most Popular Reply

User Stats

63
Posts
42
Votes
Aaron Byrne
  • Lender
  • Newport Beach, CA
42
Votes |
63
Posts
Aaron Byrne
  • Lender
  • Newport Beach, CA
Replied

Another scenario in which Hard Money may prove valuable is when you are working with a borrowing entity that requires a non-recourse loan, such as a SDIRA or a Solo 401K. Conventional lenders are not able to make non-recourse loans so the Hard Money space fills the gap for investors who are seeking leverage on their tax-deferred real estate purchases.

Happy Investing!

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