No! Hard Money is very beneficial when the circumstances call for it. It is a fast and secure loan option to help close a purchase or refinance; it provides a very strong offer when purchasing; it can be used as a temporary or bridge loan; provides financing for those with difficult to prove income or poor credit; financing properties that need fixing, such as flips; it is great for refinancing if one can’t get a loan elsewhere to pay off another loan that has come due, or to pull out extra cash for property upgrades, to pay for kids’ colleges, etc.