Hard Money Loan  Cons

When you should look for other options?


This is because of the higher risks. Despite of high interest rates, it gives an opportunity to do real estate investments.

Higher Interest Rates


Hard money loans are short term loans, which means you will have less time to repay! But as hard money lenders are flexible, you can let them know to extend the dates.

Shorter terms


Some hard money lenders may require a track record of successful house flips. But with DKC you can do flipping without any prior experience. 



There are risks involved on both sides, not only for the borrower. 



Again, this is also because of the risk lender is taking.

 Large down payments

Yes, even if there are some cons of hard money loan, you can deny the fact that you can use it to make profit

You can still make profits

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