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Updated about 12 years ago,

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3
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Shep Stephens
  • Woodstock, MD
0
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3
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How would you close if hard money lenders are involved?

Shep Stephens
  • Woodstock, MD
Posted

When I'm wholesaling a property to a rehabber, and he uses a hard money lender, will my seller still get paid "cash". Is the process at closing different for that? I only know of the end buyer writing his own check for the closing, but if he uses a hard money lender, will the check be written from the hard money lender instead? Or does the lender give money to him first, and then he is able to write his own check. How does it work?

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