Securing a loan with a hard money lender.
Hello all!
I am interested in finding a hard money lender to work with to purchase my first flip project and wanted to know what to expect and questions I should be asking aside from the normal ( int. rates and terms). I think this is a good way to secure my first property and feel it is a pretty safe way to get started. I do have 10k in cash I planned on using for renovations. Also have money in my IRA that could be used if need be. Looking at a purchase range of 50-70k and holding no longer than 3 Months. Thanks for any advice!