Hard money is everywhere. And it's pretty easy to get.
I'd say the hardest part is paying the initial buying costs at the beginning. It's always more than you think. I'm doing a sub2 deal right now and the closing costs are $1,100 for the attorney/title + $800 for insurance upfront.
Before it became a sub2, I had a hard money lender and the buying costs were going to be $7,500 + $25k for the down payment on the property (down payment is standard for any financing).
With the sub2, I'm paying $2,000...
Can you feel the pain?
If I only had put 10% down instead of 25% with the HML, I would've had about 10k in CC on a $114k purchase. Do the math.
What is your take on these questions from your experience as a private money lender?
Trying to see what everyone's experience has been with the whole private money process. What would help investors streamline things, so they can focus on investing?