Hard money lenders: what do you think?
Hello everyone.
I wanted to start my first flip and I’m seeking some lender as I can’t raise private money then the only option I seem to have right now is finding hard money lender. Now it’s a very basic question. What do you think about borrowing from them? I know the interest rate is high but I believe that not everyone use their own money or have an ability to raise private money so what do you do? Do it borrow from hard money lenders? Is it okay? What to avoid?
Thank you very much.