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What is Hard Money?
Due to the current financial conditions, credit is becoming increasingly hard to come by.  Many individuals who used to be able to walk into any bank and get a loan to meet their needs are now finding that there may not be any banks willing to lend to them, despite excellent credit scores and strong financials.
This is especially true for real estate investors, and in particular residential real estate investors.  Individuals who own too many properties (some banks may determine 4 properties too many, some as high as 10) may have a hard time obtaining any kind of financing to purchase additional real estate through traditional banks. 
As an alternative, hard money financing has become more mainstream in the markets today.  The result of this, however, is a shift in hard money lending.  Those who are finding they need hard money for the first time may be asking themselves what is hard money and how can I qualify in todays market?  If you find yourself in this position, here is a brief rundown on what you should know.
Just as banks have tightened their standards, hard money lenders have as well.  Gone are the days where you will be able ... more

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