photo credit: Jonas Lamis When trying to raise the initial funding for your investment, there are several things to consider. For example, would it be in your best interest to enlist the assistance of a hard money lender or would it be better to use the resources of a private money lender. There are pros and cons to both methods of financing, and after you have weighed both, selecting what works best for you should be much easier.
Hard money lenders include small companies and individual investors, and are a good source of quick cash. Although the money is readily available and easily accessible, you might find that it also comes with a pretty high interest rate. For this reason, it is a wise idea to consider a hard money option if you are planning to finance on a short term basis as it is an excellent short term financing tool.
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