The Difference Between Cash and Hard Money (Know This)

The cash is not always the cash. Everybody likes to write in that they're paying cash for it, and then most of the time, I would say about 90% of the time, it is actually purchased through private hard money. So these are lenders that don't have bank requirements, but they do have requirements. So when somebody is using— it's important to know somebody using private money versus cash, because private money can have restrictions, can have appraisals required, can have debt-to-income ratios because they're investors. It's asset-based, but it could cause a problem, just so we're aware of that.