What is hard money? It’s short term funding used to acquire investment opportunities that are either time sensitive or when the investor’s credit and/or financial standing prevents them from qualifying for bank financing at any given time. Typically loaded with high points and fees, the term hard money indicates the pain points involved in using this type of funding, which is also enough to detract from their use. But, is that the right way to look at it?
Maybe not. You see, you will profit from none of the practical investment opportunities you have to walk away from due to lack of funding. In other words, consider it the cost of doing business, paying your dues or whatever you must to justify the lowered profit margin you will experience from using this strategy. Keep the end goal in mind, which is building your cash, credit and other financial capacities to transition from HAVING to use hard money.
Would you like to know more about how hard money funding may help jump-start your investment goals? Please contact us using the form to your right and we will soon be in touch!
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