The Pros and Cons of Becoming a Hard Money Investor
What is hard money? Hard money loans are given to you when you have nowhere left to go. Your credit scores are abysmally low: below 620; consider the range 300-400. He has a history of default, late prepayments, missed payments, bankruptcy (among his multitude of misdemeanors). No lender would accept it. Those are the worst scenarios. But you want that house. Hard money lenders may consider it....