When is it a good to use "hard money" loans for buying real estate?

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When is it a good to use "hard money" loans for buying real estate?

2006-10-17 08:15:07 · 2 answers · asked by zfurr 1 in Business & Finance ➔ Renting & Real Estate

2 answers

when looking to buy a house for short term use. Its a great use if your doing fix n flip. i wouldn't suggest using a hard money loan if you cant move the property with in 6 months, that's just my opinion people may say other wise. if you would like to know more info about investing just let me know. I'm here to help.

2006-10-17 09:57:26 · answer #1 · answered by jrfern05 2 · 0⤊ 0⤋

I agree with the answer above flip and get out before you owe too much. The less you have to pay back the more money in your pocket!!!

2006-10-17 10:11:46 · answer #2 · answered by WILLIAM W 2 · 0⤊ 0⤋