1. Your #HardMoneyLender should approve you within 24-48 hours, if they don’t, find another lender.
2. Have a clear investment strategy: expected return on investment, budget/costs, & exit strategy - Hard money loans typically have short repayment terms, so it is key to have a solid exit strategy in place. This could include refinancing the property or selling it within a specified time frame.
3. Research lenders: Look for #hardmoney lenders who specialize in the type of investment property you are interested in. Check rates & fees, and that they have a good rep in the market.
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