Whether you’re a seasoned real estate investor or brand new to investing, you will – at some point in your career – need to turn to hard money!

Many people turned away from hard money except on the REALLY UGLY properties for much of the early 2000s or if they had pretty beat up credit. This was because conventional lenders were giving money away for all intents and purposes! Virtually anyone ““ first time home buyer to seasoned investor ““ could get 100% financing on their properties and it didn’t seem to matter how many properties one had!

Well”… welcome to the new market: The “conventional” lenders (like Chase, Indymac, Countrywide, etc.) have tightened their reins, and for good reason!

Before we go into how to get hard money, let’s talk about some of the pros and cons of hard money versus conventional financing! Continue reading →