Hard money, explained.
Plain-English guides for real estate investors: what hard money and private money lenders do, how loans are sized, and how to get your deal funded.
What is a hard money lender, and what do they do?
A hard money lender makes short-term real estate loans based on the property, not your income or credit. Here's how hard money works and when Wichita investors use it.
ReadPrivate money vs. hard money: what's the difference?
Private money and hard money are often used interchangeably. Here's what each term means, how they differ, and what it means for Wichita real estate investors.
ReadWhy investors choose hard money over bank financing
Why real estate investors choose hard money and private lenders over banks: speed, no credit minimums, no income verification, rehab funding, and asset-based approval.
ReadHow much can I borrow? The 70% ARV rule explained
How hard money lenders size loans using after-repair value. See how the 70% ARV rule works with Wichita examples, and when a deal can be 100% funded.
ReadHow lenders determine after-repair value (ARV)
How hard money lenders calculate after-repair value from closed comparable sales, and why asking prices and automated estimates don't count.
ReadHow rehab and construction draws work
How hard money rehab and construction draws work: the draw reserve, requesting draws, review and funding, and tips to keep your project on schedule.
ReadHard money glossary: terms every investor should know
Plain-English definitions of hard money and real estate investing terms: ARV, LTV, LTC, points, draws, first lien, DSCR, BRRRR and more.
Read