Hard Money???

Hard money is private people lending money instead of a bank. They don't care what your credit score is, they do charge a lot higher interest rate though. They also have the home as collateral if you don't pay. They can charge upwards of 18%, I've heard of even more. Great for investors who only need to borrow the money for 3 or 4 months to do a fix up for a property.

Hard money is not for everyone. Todd explained it very well. Hard money really is a a last resort for an investor with trashed credit or desperate home owners. Usually in my experience they'll resort to other non conventional means at that point.