Anyone who has ever bought a house as an investment property knows that you have to jump through about one million hoops in order to secure the funding to buy it. If you are planning to buy a house that you’re going to live in for 30 years, it’s worth all the hassle.
However, if you are a real estate investor, and need to be able to move money fast in order to get a great purchase that isn’t going to wait around for you, the dragged-out and tedious mortgage lending process might ruin your deal. This is where hard money loans come in to play. Some real estate borrowers choose hard money loans because it offers a process for securing funding outside of the traditional bank lending process. This involves