Unlike banks, hard money lenders approves your loan quickly which is helpful for many scenarios in the real estate investments.
No Credit Check
2.
Banks don't provide loans to you if your credit history is bad. But Hard money lending is mostly based on real estate property.
Flexible
3.
Hard money lenders are flexible, which means you can change different things according to the condition. Just let your lender know about it.
Less strict underwriting
4.
Hard money lenders are less strict compared to banks. That means your chances of getting loan are high than any bank.
Fix and Flip
5.
With hard money loan, you can do things like fix and flip, where lenders do financing up to certain % and you can earn profits and pay back.This is not possible with conventional loan.
Double Closing
6.
With transactional funding, you can do double closing! This allows you to get profits by working as a middleman between buyer and seller.Learn more a by clicking the link below.