How can you afford Hard Money Lenders?
Hello,
Just wanted to get a discussion going on Hard Money Lenders. How can everyone afford them? There are great deals that pop up when it is only cash involved. However, once I calculate in hard money lender fees, points etc it squeezes the deal down from a home run to a single/double and if something goes wrong a loss.
Don't think I am willing to take that risk and work my butt off to making the lender his interest while they sit back do nothing and collect.
Thoughts?