Updated over 3 years ago on . Most recent reply
Hard money for first investment
I'm looking to get into the BRRRR method of investing but with have to wait a year or two to save enough to try to buy with cash. Is it foolish to use hard money for my first investment? I'm ok with the risk but I've never used hard money and I'm unsure what exit strategies I would have if it goes off the rails.
Most Popular Reply
River Sava
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Pro Member
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- USA
- 1,969
- Votes |
- 1,920
- Posts
River Sava
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Pro Member
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- USA
Hi Dean- You can go through hard money, but I agree with the others, you don't want to hold onto it for a while. Would love to discuss further with you.