Hard Money Lending for First Time Investors

[Michael High]

Hi Everyone,

I've been following BP now for the past six months or so but this is my first post to the forums!

I think I've found my first deal that I'm ready to put a cash offer in, my question is in regards to hard money lenders:

Do hard money lenders typically charge higher rates and more points to first time investors? If so, what is the best option to secure a reasonable deal with a hard money lender?

Any and all advice is much appreciated. Thanks in advance!