Hard Money loans?

[Roy Williamson]

Has anyone used hard money loans to purchase a buy and hold rental property? I have excellent credit and cash reserves, but I want to buy a fixer and don't want to deplete my reserves on one property. Has anyone taken this approach? If so, how did it work out? and if not why would you never do a deal using hard money?

[Don Konipol]

@Roy Williamson , I am a long time hard money lender. Here is my bottom line advice. If you can get low interest conventional or private financing do it. Only consider hard money when the only other alternative is an equity partner.

If you borrow hard money long term from me, you will do all the work and I will make most of the profit.