Hard money loans – fast private loans for house flipping

When it comes to buying a great deal below market value, every day counts. A traditional bank moves too slowly. 'Hard money' is capital from private investors – expensive, but lightning fast. However, this financing model only works when the transaction profits are sufficiently high. That is why flippers look for desperate sellers on direct platforms to cut brokerage costs when buying and selling, which effectively amortizes the expensive interest of such a loan.