US EditionWhy Do Real Estate Investors Use Hard Money?
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Why Do Real Estate Investors Use Hard Money?
Hard Money Loans A hard money loan is a short-term loan that requires the borrower to provide an asset such as a home or business as collateral. These loans have also been called bridge loans. These are often used by house flippers or real estate investors who are fixing up one home while preparing to sell another one. You can’t get a hard money loan from a traditional lender; you must go to an individual investor or private company. Investors m…
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