Use Hard Money or Cash for Flips
I am a buy and hold person typically but I need to increase the funds so I am considering a couple of flips. Is there any andvantage to using hard money loans rather than liquid money in the bank to acquire and rehab a flip? Common sense tells me I would save on the cost of the HML if I could just use all cash but often times I learn that I am not seeing the whole picture correctly.
My line of thinking is to use HM to buy the property and use the cash for holding and repair costs or if the total costs are low enough just use all cash. I hate the HM draw process. I have 110k to use.