Hard money loan on first flip

2 Replies

Is a Hard Money Loan and good route to take on a first flip if you are starting out with minimal funds? I have my eye on a duplex. Under $20k, 2 units and roughly 70k in renovations. Newbie here. Really anxious but want to make the right move.

@Denise Brinkley welcome to the investing world. You will be ok with Hard Money as long as you account for it in your numbers. Doing correct calculations is the most important thing when it comes to the first flip if you are using hard money. I personally would try to avoid it as it is super expensive in many cases and you can find yourself in over your head if you don't do your calculations correctly. If you need any advice I'm willing to help just DM me and ill attempt to walk you through it.