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The six types of fix and flip loans are: 1. Fix and Flip Hard Money Loan. A hard money loan is a short-term loan secured by real estate and used by fix and flippers to purchase and renovate a property. Investors typically use hard money loans to purchase, renovate, and sell a property within one year.
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Top 10 Reasons Real Estate Investors Use Hard Money Loans – Hard money loans are a financing tool every real estate investor should keep in mind. The main advantages of speed and flexibility usually come to mind, but there are many other reasons real estate investors use hard money loans.