Great technical explanation.
I have found a lot of people hesitant to get hard money loans because they feel the interest rate is so high and so instead they bring in a partner.

A recent post of mine goes into an analysis of using a hard money lender on an actual deal I just completed.

http://gabhartinvestments.com/article/hard-money-lender-a-partner-or-both/

I really like your blog. Great content and layout
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