Hard Money Lending: An Excellent Alternative For Flippers
If you are interested in becoming a real estate investor who specializes in buying and repairing distressed houses, also known as a "flipper," then one of your key considerations will be obtaining financing. A good way for flippers to finance their purchases is to work with financial professionals called hard money lenders. The following article examines this issue in more detail.
What Is It
The most common type of real estate lending is from banks. A bank will look at factors such as your credit worthiness and typically make a decision based on your credit rating, all other things being equal.