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Updated about 5 years ago on . Most recent reply

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32
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Shawn Dulan
  • Louisville, KY
11
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32
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Hard money lender or not?

Shawn Dulan
  • Louisville, KY
Posted

So I'm looking to get my first deal done using BRRRR and I'm going with a hard money lender. Do they usually require a down payment and are there some that will fund the rehab?

Just concerned about using one, don’t want to get burned...

  • Shawn Dulan
  • Most Popular Reply

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    Odie Ayaga
    • Specialist
    • Delran, NJ
    951
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    Odie Ayaga
    • Specialist
    • Delran, NJ
    Replied

    Rehab loans are what hard money lenders do. Yes you'll usually need a down payment on the purchase price

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