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Hard Money Lending Explained for Beginners

Hard Money Partner 2 views

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@HardMoneyPartner
 Have you ever used a hard money lender for a project?
Comment from : @HardMoneyPartner


@JennieDreamWeaver
 Great explanation!
Comment from : @JennieDreamWeaver


@DonnaV-oj5ro
 No Jan 2024 was my first occurrence to be a hard money lender for a bridge loan until he closed on the sale of a flip Now we are selling another flip and I’m not sure what forms that need to use how to report the expenses and VERY minimal profit of <$5k Ughhh
Comment from : @DonnaV-oj5ro


@DonnaV-oj5ro
 Q1: How do I report the interest passive repayment interest income from a hard money-bridge loan I made to a flipper?brbrQ2: How do I report the profit and expenses from the sale of a flip?
Comment from : @DonnaV-oj5ro


@mikewaters7494
 "Hard money" term maybe comes from "cold, hard cash" terminology???
Comment from : @mikewaters7494


@sleepingbearffg5008
 Thanks for teaching
Comment from : @sleepingbearffg5008


@RealELconomics
 Good morning coach
Comment from : @RealELconomics

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