b'to receive cash distributions or another type of return on their investment from the company during the operation of the companys business. Fix-and-Flip A type of real estate investment strategy in which the asset manager purchases properties with the intent to renovate them and sell them for profit. Fund or Blind Pool Fund A group investment formed to acquire multiple properties based on an investment summary (business plan). This model allows the fund manager to raise capital prior to getting deals under contract but is the hardest way to raise money. Fund of Funds This is an entity created for the purpose of investing in securities offered by other syndicators or fund managers.Hard Money Lender An individual or entity that provides short-term loans to a person or entity for the purpose of acquiring real estate, until the borrower can obtain more conventional financing. Use of hard money lenders can assist asset managers in acquiring investment properties relatively quickly. A hard money lender is a private lender that generally uses more lenient standards than financial institutions for extending credit to borrowers. 301'