Updated almost 8 years ago on . Most recent reply
Buying a Fix and Flip
I am moments away (when I find the right deal!) from buying a home in need of repair so I can rehabilitate it and sell it. What I'm not sure of is, should I use the cash I have saved up to get me to this point or should I explore a hard money lender? Your input is appreciated!
Most Popular Reply
You may be more than moments away if you haven't found the right deal yet. Those are tough to come by these days.
If you plan on doing one rehab at a time you'd save money in lender fees and interest by using the money you've saved up.
The benefit of hard money is it allows you to do multiple rehabs at one time, that's why it's worth the fees and interest.