In this hard money tip, professional real estate investor Beau Eckstein talks about structuring hard money deals.
As with everything in real estate, timing is critical and in order to make deals happen, you have to think outside the box. One way to think outside the box with respect to real estate is through possible funding of your real estate deals using hard, or private, money.
Beau Eckstein talks about a novel way he funds real estate construction projects: By first getting an acquisition loan and then, when the property is “shovel ready”, getting a construction loan.