Hard money/private money

[Antonio Martinez]

Ok. Not my fist rodeo on investing. Currently doing in flip in Anaheim California. Yes I saved like crazy and The investment is with personal money. I currently want to buy some long term rentals and my newby question is can some explain me how the process of private/hard money works?

For instance let say I need 100k loan.

I hear point, origination fee. Percentage? Do I need a corporation? Can it be lend to me as an individual? Never used any other type of money but my own so I am completely dissatisfied with my knowledge on the matter. Please help out.

Thanks

[Jay Hinrichs]

hard money basically is for fix and flip.. not buy and hold.. you can use it for the BRRRR they talk about on this site.

once stabilize refinance HML out.. but that has a good amount of risk as well.