Pro Tip: Open and fund a Self-directed Roth IRA, then make hard money loans out of it to local investors. It's a great way to get in the game with money you otherwise couldn't deploy in real estate without messy taxation issues.
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I borrow that way as do many others (I lend as well). Let's say you have a quality asset that doesn't underwrite (high vacancy) or you have to close within a constrained timeframe. Or you want to reposition and cash out with a big prepayment penalty, you take bridge.
