First Time Hard Money Deal

[Michael George]

So what does the forum think is an acceptable amount to try to leverage from a hard money lender for an investor's 1st time out? I'm a little skiddish since I would be dealing with $ not of my own and pressed to make the deal and a profit a reality.

[Account Closed]

Michael,

One additional thought to share with you. Echoing the geometric axiom "The whole is equal to the sum of it's parts", I learned a long time ago to employ it when it comes to analyzing and striking a deal with the following advice: Never agree to a defined piece of an undefined whole.

In the current case, this means don't agree to the terms and conditions of a hard money loan (or any critical variable of an investment) without fully understanding the cause and effect of all critical deal points and variables.