Insight
Hard money lenders often base loan terms on the cost of the deal (acquisition + rehab) and the after-repair value (ARV) of the property.
This is How “Hard Money” Loans Work (Banks for Investors) (Rookie Reply)
Summary
This BiggerPockets article discusses hard money loans for real estate investors, offering insights into loan terms and strategies for making offers more competitive. Hosts can learn about how hard money lenders operate and what factors can make their offers more attractive when buying a property. The article also touches on the importance of asking the right questions of lenders.
Key takeaway