Buying Rental with Hard Money

[Barshay Graves]

I'm looking into buying a rental with Hard Money or on a credit card using business credit, than using BRRR to pay off debt is this a good idea?

[Andrew Postell]

@Barshay Graves I would recommend speaking with a permanent finance lender first.  Most of the hard money guys I work with require a prequalification letter from a permanent lender if the customer is looking to permanently keep the property.  You see everyone's hesitation on this post to what you are doing.  Using Hard Money is acceptable but make sure you have a way to get out of that loan before starting it.