How to use hard money lenders in buy/hold trans

[Navid Sadighi]

Hi everyone, I’m looking for help on how to purchase buy/hold properties using a hard money lender. How do you structure the deal when using a hard money lender? Can a buy/hold property cash flow when using a hard money lender? Can I use a hard money lender to purchase more than 1 buy/hold property? My market is Southern California. Any advice would be greatly appreciated!

[Account Closed]

You can get in properties (and fantastic deals) using a HML, but then immediately refi out into a conventional loan. You won't cash flow when your money is with a HML, but they are a great source to quickly buy distress properties, fix them up, then refi into conventional and hold them for rentals. Then you'll see the cash flow. But have a bank ready to go to do the refi's.