Advice On Using Hard Money

[Mark Anderson]

Hi y'all I currently have one quadplex I put 20% down and am looking to BRRRR another property I currently have the funds to afford 20% down and a rehab budget but will then not be liquid to purchase another property after that. I am a construction superintendent and work quite a bit but renovations are not difficult to me. Love my job and looking to taking a long term approach of buying 1 multifamily a year for the next decade Wanted to seek advice on the benefits of using hard money as opposed to a traditional loan? Looking to buy and hold and not refi out for a while to keep some protection for my down side. What are some of the cost savings/risk that are important to consider when using hard money? Would appreciate any other advice in regards to growing as well. Thanks in advance for the feedback.