Has anybody recently work would do hard money?

Question

I'll be starting working with do hard money in the next couple weeks and I was just wondering if anyone has any recent experience with them?  Any information you can give me will be greatly appreciate it I'm still doing my due diligence but I'm really looking forward to working with them.

Will Barnard · Answer

Many people us hard money and there are a ton of hard money lenders. Quality and experience should be your first look, then prices and terms.

Coral Hernandez · Answer

Hey Krysten

You raise some good questions and concerns here. Knowledge is power when it comes to this industry.  Experience is golden, whether on your own or learned through someone else.

Hard Mon3y: How quick to close? Min Credit Score? How much do I need to cover? Are Repairs included? What is the term? What kind of payments do I make(interest only, or w/principal)? Can I trust the Lender? Will the lender change terms last minute? How much skin in the game do I need?

Each question or scenario will be case by case and directly affected by which strategy you choose to deploy.

Let's Connect and discuss further,  to ensure you have the tools needed to make your best decision.

Kyle J. · Answer

@Krysten Simmons  I've never used them but there's quite a few threads where other members talk about their experiences with them.  I'd definitely recommend searching "Do Hard Money" in the search bar and reading through some of them.

Derek Harris · Answer

Take advantage of the BP calculator and ensure you add all expenses. If the numbers still make sense, then go for it. If you decide on HM, shop around for the best rates. Keep in mind that cheaper is not always better; sometimes the speed of funding will outweigh points.

Has anybody recently work would do hard money?

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