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Hard money loans, on the other hand, are based on a "hard" asset or the value of the property, so hard money lenders don’t usually ask for documentation of income or any of that messy stuff when we are funding a fix and flip investment.
Hard Money: How to use it for your Fix and Rent Strategy – Duration: 47:10. 100 percent financed 14,903 views. 47:10. Use Credit To Cover Down Payment Costs – Duration: 14:43.
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Hard money loans are great for experienced investors who have completed a few house flips and will be able to keep the rehab project on time, because most hard money loans are short term loans. Experienced investors will also have the down payment and monthly interest payments these types of loans usually require.