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All Forum Posts by: Joe F.

Joe F. has started 2 posts and replied 11 times.

Private Lending & Conventional Mortgage Advice

Post: Cost of private lenders or hard money

Joe F.Posted
  • Medford, NY
  • Posts 11
  • Votes 0

I am just starting out learning about REI and have a question. I don't get the concept on the cost of using hard money lenders VS conventional loans. I would like to eventually buy houses to rent. Wouldn't the high interest on private loans cut into ROI? I think a private loan may be the way I have to go due to having not the greatest credit, at this time. The high interest is the thing that's bugging me on this.

0 Votes