Updated over 9 years ago on . Most recent reply
Hard money lending advice?
What are you all opinion on using hard money to do a flip?
Most Popular Reply
Hard money lenders exist because of demand (they are in demand). If they are good ones and local, they can be great to work with. They can also source deals if they are that type of lender. Expensive, yes, but if you have deals that have enough margin, then go for it.
We have a few hundred thousand lying around. We have four rehabs currently going. Three are using hard money. If we used all cash, we would only have one going right now. And the profit wouldn't be all that greater on that one and the profit on that one with all cash would not even be half of the profit of the other four combined, so...
Helps spread the risk around as well.