I have a question about the BRRRR method .

[Detrick Moore]

When acquiring a property using hard money . Do you pay the lender back after you refinance the property? I just want to make sure I’m understanding this correctly . Also is there a way to get a lender to fund the rehab?

[David Espinosa]

I personally havent used hard money but... You have to put down a percentage up front and you make payments on the loan like a mortgage.  Hard money lenders will loan amount for rehab as well.  With your experience and deal you have you may have to put down more or less but you typically have to have skin in the game.  When you get a loan it will be for a specific amount of time in which you will have to pay back the amount.  You can ask for extensions but will cost more money. Use hard money wisely. Hope this helps. Happy Investing!

David Espinosa