Wholesaling real estate is a great way for investors to make a substantial income without draining their own financial resources. But having the right resources is key to making wholesaling investments successful. Enter hard money lenders.

Hard money lenders are private lenders who loan money for real estate transactions. They are different from traditional lenders because they are not bound by the same regulations and are often willing to take on riskier investments. As a result, they are able to provide investors with the financial resources they need to complete their real estate transactions.

The benefits of hard money lenders for wholesaling are many. Notably, they have quick funding turnaround times. Hard money lenders typically can fund a loan within a matter of days or even hours, which makes them ideal for the fast-paced world of wholesaling. Additionally, they offer a higher loan-to-value ratio than most traditional lenders (up to 90 percent). This means that investors can complete their transactions without needing to bring in as much of their own money to cover the cost of the loan.

Hard money lenders are also beneficial because they offer flexible repayment terms. Wholesalers often need to be able to make quick decisions, and a hard money lender’s flexibility