Tough money, quick money: each time an investment won’t wait that is good
Funding for flippers
Often good investment won’t wait. There is the possiblity to buy an unsightly but sound home, earn some simple improvements and flip it fast for the 25 % gain. Those possibilities don’t come around each and every day. But you’re competing with money purchasers! How can skilled investors buy fast without having to pay all-cash? With “hard money.”
What exactly is money that is hard?
Alleged “hard cash” comes from personal loan providers, individuals or categories of those who place their cash up for short-term borrowing. Numerous think that these loans are simply for non-prime borrowers, individuals who can’t get approved for funding from cheaper, mainstream sources. But that is not the case.
The largest users of the type or style of financing are property investors. Read more