Under what circumstances would a hard money loan make sense?

[Aarielle Pannesi]

In what circumstances would you consider a hard money loan a good option or a good idea?

[Travis Timmons]

It's a short term debt instrument. Situations like a flip, BRRRR, using it to pay cash on a property that does not qualify for conventional financing (to BRRRR or flip ideally), or to bridge a gap to seize an opportunity if you know if you have money coming in a few months (from the sale of another property or something like that).

It's a great tool, but you need to know how you are paying it back before you take hard money.