New to investing in Baton Rouge

[Ross Doran]

Hi all, Brand new to investing and wanting to know more about hard money lending. I have been a real estate agent for four years so I have been around real estate and do well with it. I have not done much with flipping properties but would love to get into this in the future and I would think a hard money loan would be the best option for getting started with little money upfront. What fees/points, monthly costs, etc would have to be paid and also would they cover the rehab money as well? Thank so much for any help!

[Robert Leonard]

Welcome to BP @Ross Doran!  HMLs are much like banks, a lot of them do similar things but not exactly the same.  They always seem to offer their own unique blend of terms and options.  Usually, if you haven't found what you are looking for, you just need to talk to more of them until you find something close to what you are looking for.

What terms they offer often depends on your level of experience at doing whatever you are looking to do with their money?

I highly recommend listening to the podcasts to get smart on a lot of strategies and things that will open your eyes to what's possible.

I also recommend you lookup the Baton Rouge REIA/The RING that you can find on meetup.com to start learning along side of some investors that are good to know. It will accelerate your learning and grow your local real estate investing network.