Cash Vs Hard Money Loan

[Ben C.]

Hello All,

Firstly I only deal in flips. On all of my previous flips I exclusively use cash (helps me get properties and avoids all of the mortgage related headaches that come along with closing).

I am exploring two different options going forward...

1) Standard Hard money loan 9-12% + 2-3 Points

2) Buy all cash and get a HELOC right after closing to free up capital to use for renovation expenses

Thoughts?!