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Buying & Selling Real Estate

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Pope Lake
  • Investor
  • New York City, NY
43
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82
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Difference between Bridge Loan and Hard Money

Pope Lake
  • Investor
  • New York City, NY
Posted Nov 16 2019, 18:33

Hi BP! 

I'm looking to use the BRRRR strategy, and I'm trying to figure out: what is the difference between a Bridge Loan and Hard Money?

Ideally, I want to have cash to purchase a property upfront and do the rehab, wait for the seasoning period, then refinance into a traditional loan. Would a Bridge Loan or Hard Money make the most sense for this? What other financing strategies have you used for BRRRR?