Curious how I buy properties with none of my own money? Continue reading 👇
HARD MONEY will pay for a majority of the property you're looking to flip so you don't have to pay for it yourself! A hard money loan is an asset-based loan financing through which a borrower receives funds secured by a real property 🏡
Here are some PROs of using HML:
1. Convenience - With a hard money loan, it’s possible to get funding in a matter of weeks compared to getting a mortgage which might take months.
2. Flexible terms - Investors may have more negotiating power with respect to the loan terms because hard money loans are provided by private lenders.
3. Collateral - Hard money loans typically use the property itself as security for the loan.
The truth is, the best place to find hard money lenders is through REFERRALS 🗣️ You want to make sure that the person who is referring you has used that company before and has gone through the process.
If you're looking for a referral, DM me the word "LENDER" and I'll connect you with a good hard money lender 🤙
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By: Realestaceyy - Stacey Johnson Title: Hard Money 101: Finding Hard Money Lenders Sourced From: www.youtube.com/watch?v=rPT38McS9Bs
