Hard money loans typically have shorter terms than conventional mortgages, usually ranging from six months to three years. This makes them ideal for short-term projects such as house flipping, bridge financing, or property renovations. However, borrowers should have a clear exit strategy to repay the loan before its maturity to avoid costly extensions or default. Understanding their terms, costs, and benefits is essential for making informed borrowing decisions in the dynamic world of real estate investment. In the realm of real estate investment, fix and flip projects have gained immense popularity for their potential profitability. To get more info visit here #dallashardmoneylender