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Updated almost 5 years ago, 03/06/2020
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Using hard money to buy investment property
Has anyone had any issues with using hard money to buy investment properties? My husband and I are interested in buying out of state (Philadelphia) and we’re having a problem getting realtors to even present offers because they don’t recognize the hard money lender. They’re also questioning why we need hard money for such a small investment amount ($50-80k). We’re just starting out so that’s really our only option at the moment. Just curious if anyone else has encountered this problem and what you recommend. TIA