First deal, Hard money or conventional?

[Ian Kurela]

Hi Everyone. I am looking into buying my first property as an investor in the Cleveland market (preferably duplex) for a buy and hold / BRRRR. I was recently an agent in that area and understand the landscape and networks fairly well.

My question is should I use a hard money lender to fund this first purchase or use a conventional? I have saved up around 15k for a down payment and by the time I get my eggs in order, should have around 20-25k. I have a full-time job and my expenses are low. I am 22 years old want to know what the advantages/disadvantages are for each method? Especially at my young age. Thanks everyone!