Hard Money Contracts
Posted by Danny on September 29, 2007 at 20:07:00:
Everyone, I am considering getting into this game, and as many before me I have a host of questions. I am looking into forclosures, but for me with my credit really on the low end, I have to opt for Hard Money. The thing about hard money I don't understand is how do I get it repaid back in just under 1-3yrs? Its a buyers market, but there are alot of people that have no real good credit, (me) and will not be able to get loans. It seems extremely risky to take out a hard money loan in hopes of flipping it. Is it really that quick of a turnaround? What is a realistic time frame before I can start to panic? Finally, for those that know, is hard money the only option I got? Thanks to all that respond...
Follow Ups:
- Re: Hard Money Contracts - OC Andy 19:25:52 10/01/07
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