Flipper/Rehabber · Bloomfield CT · Member since 2020 · 1k+ posts · 408 votes
Over the past few months I have been contacted by hard money lenders inquiring if I need a loan for upcoming projects. I always tell them that I prefer private money as it typically comes with a reduced number of fees and at lower interest rates
it feels as if investors are waking up and realizing that hard money is not attractive
Over the past few months I have been contacted by hard money lenders inquiring if I need a loan for upcoming projects. I always tell them that I prefer private money as it typically comes with a reduced number of fees and at lower interest rates
it feels as if investors are waking up and realizing that hard money is not attractive
Hard Money never was attractive.
It was and always be a last resort of financing. Most qualified investors will use a bank or a private lender as you said to get the best terms possible on a rehab loan.
It might just be that you landed on someone's database and they sold your information to thousands of hard money lenders.