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Tricky Cash 101: Everything You Need To Learn About Getting Started Off With Rough Money Loans

Tricky Cash 101: Everything You Need To Learn About Getting Started Off With Rough Money Loans

Whenever you hear the words “hard money loan” (or “private money loan”) what’s the thing that is first goes through your thoughts?

Shady looking loan providers whom conduct their company in dark alleys and cost sky-high interest levels?

Some bad apples tarnished the hard money lending industry when a few predatory lenders were attempting to “loan-to-own”, providing very risky loans to borrowers using real estate as collateral and intending to foreclose on the properties in prior years. Luckily for us, these kind of difficult cash lenders don’t exist in today’s market, even though some recurring stigma continues to be for many real-estate investors who possessn’t recently utilized the solutions of an established money lender that is hard.