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Updated over 10 years ago,
Hard Money Loan - What are the Advantages and Disadvantages?
I am looking for an investment property and the local real estate group that I've networking with often suggest using a Hard money loan. Can someone explain to me how that really works? I've heard that they can be up 12% sometimes? If I got this route should I look for both the Hard Money lender and the Conventional Lender before I buy?