Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

15
Posts
8
Votes

Good Questions to ask Hard Money Lender

Barrington Webb
Posted

Hello Family,

I want to leverage hard money but I have no experience. I want to know what are some key questions or things I should know before using a hard money lender. I want to avoid unfavorable surprises.

Thanks!

Most Popular Reply

User Stats

1,894
Posts
2,398
Votes
Henry Lazerow
  • Real Estate Agent
  • Chicago, IL
2,398
Votes |
1,894
Posts
Henry Lazerow
  • Real Estate Agent
  • Chicago, IL
Replied

If you have no experience you shouldn't use hard money. Even if you have experience hard money typically only works well if you have a crazy deal or in the really cheap markets where the loan size is smaller and the margin % on the flip/brrr is huge. 

Loading replies...