Hard money lenders

4 Replies

There is a property I'm interested in and would like to know the pros and cons on HARD MONEY. I'm thinking about using hard money but this would be my first deal.

Hard money is typically short term and usually used for rehab.

Are you looking for a long or short term loan?

This would be short term, to whole sale or maybe put in rehab. I suppose to be moving out this house pretty soon. And soon as I move out this agent will come an inspect this house and put it on the market. The owner want $20,000 for the house, the agent said he can get $40,000 for it the way it is.

I was thinking about whole selling it.

This would be short term, to whole sale or maybe put in rehab. I suppose to be moving out this house pretty soon. And soon as I move out this agent will come an inspect this house and put it on the market. The owner want $20,000 for the house, the agent said he can get $40,000 for it the way it is.

I was thinking about whole selling it and hard money @Neil Aggarwal . This house about 1100 sq ft. 3br 1bt about 5000 in rehab will be great for a quick flip. Painting, gfci receptacles in kitchen, update bathroom, living room ceiling, dryer duct, simple repairs.

It sounds like hard money is going to be a good route for you.  It is geared towards quick flips like you are describing.

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