Hard Money Lending - Rental Property
Hello,
I’m thinking of getting hard money to finance a real estate deal (Purchase - Rehab - Rent).
It’s not a flip, it will be a rental property.
I understand the interest rate is higher so more money to service the loan compared to a conventional loan.
Is it a good idea to use hard money lending for rental investment properties if the numbers make sense?
Your advise/comment is appreciated.
Thanks,