Any Investors Using Or Have Used Hard Money in Southeast Mi

[Christopher Foster]

GOOD TUESDAY, TO EVERYONE! Are there Any Investors Using Or Have Used Hard Money in Southeast Mi that can make some solid recommendations on the best strategy to buy and hold a multiunit with Hard money?

[Nghi Le]

How many units is the multi-unit?  2-4 is easy, but 5+ can be difficult because you're entering the commercial realm and that has more restrictions, usually requiring experience and has high minimum loan amounts.

Definitely agree that you should get pre-approved with a refi lender first before finding a deal or a hard money lender.  You wouldn't want to get stuck in a hard money loan that you can't get out of.