Do Hard Money lenders cover for the repair cost?
If you have enough money for down payment and carrying cost, but Need some help with the repair fund. Hard money lenders will cover for the repair value. You have to provide a worksheet with detailed work needed. They will have the fund hold in an escrow account and it will be disbursed in segments once part of the work is done. This gives leverage and you don’t need to stress out with funds availability This is something to definitely consider when you are starting out with a low fund.
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