Despite the increase in interest rates that 2022 brought, investors are still profiting from a wide range of real estate investments. In fact, in the third quarter of 2022, close to 10% of all purchased homes were properties that had been flipped, the highest percentage in decades.
Whether seasoned or just getting started investing in real estate, hard money loans can help you achieve your business goals. If one of your biggest questions is “What is a hard money loan,” the simple answer is that it’s a short-term loan for investment properties. Hard money loans are flexible and have short closing periods, which can ultimately improve your bottom line.
Understanding how to qualify for a hard money loan can speed up your next real estate venture. Once you know how to get a hard money loan – including specific hard money loan requirements – you’ll be on your way to securing your next investment property.
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