Hard money lending

[Jay Sechowicz]

Hello all,

I am looking to find my second property and am thinking about the possibility of going with a hard money lender. I just don't know much about how it works. I've read articles and what not but have not really actually talked to people that know what they're doing about it. It seems like it could potentially be pretty risky. Also, do hard money lenders have certain criteria The property must meet?  What are usually the loan terms? Are there better situations than other to use/not use this strategy?  I'll take all the advice and insight I can get.

Thanks a lot,

Jay