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Updated almost 6 years ago,
Can Hard Money be considered Cash?
I'm a newbie so bare with me here. Any help would be greatly appreciated. Thanks in advance.
Example:
Seller wants $100k cash for property. We agree on a deal and I put down $10K as earnest money. After a thorough inspection and due diligence I agree to buy the property and get a hard money loan for $90K to pay the balance.
Is this possible?