hard money questions...

[Dana G. Neilson]

Hi everyone, I hope this thread doesn't get deleted, so I did my due diligence and I think this is the proper location for my question. Can I use hard money to purchase a property that I intend to live in after I pay back what I borrowed? How many days does it take to get the hard money into my hands (either check or transfer to bank)? 

I have about 12 days left to acquire an amount of money that I can not borrow from a bank. 

Thanks,

Dana

[Nicholas Iglesias]

@Dana G. Neilson After you pay the loan off you can reside in the property without any issues. Hard money lenders usually fund from 7-21 days depending on the scenario and on the lender. They will usually wire the money to your account. 

Hope this helps, if you have any questions, feel free to reach out. 

Regards,