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Barrington Webb
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Good Questions to ask Hard Money Lender

Barrington Webb
Posted

Hello Family,

I want to leverage hard money but I have no experience. I want to know what are some key questions or things I should know before using a hard money lender. I want to avoid unfavorable surprises.

Thanks!

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Henry Lazerow
  • Real Estate Agent
  • Chicago, IL
2,820
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Henry Lazerow
  • Real Estate Agent
  • Chicago, IL
Replied

If you have no experience you shouldn't use hard money. Even if you have experience hard money typically only works well if you have a crazy deal or in the really cheap markets where the loan size is smaller and the margin % on the flip/brrr is huge. 

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