All Forum Posts by: Jonathan Makovsky

Welcome @Kevin D.!

Welcome @Scott Bartley!

Welcome @Brian Pulaski!

@Shay Francis

Hard Money is generally lent from a professional lender who is in the business of making loans. The word "Hard" refers to a collateralized asset, in the case of real estate, the property serves as the collateral.

Private Money is lent from people who are generally not professional lenders. 

'Generally' the practical difference between the two types of lenders are:

HML: Typically have more narrowly defined loan terms (this can come in the forms of the percent, points, length of loan, etc.), whereas

Private Lenders: Generally have more flexible loan terms since you are arranging your financing with someone who is not in the business.

Like many things in life, they both have their advantages and disadvantages and one is not necessarily better than the other. Also, within each group finding a good HML and good private lenders are both very important.

Best of luck and hope to see you around Connecticut!

@Kelly Niddrie I am sorry to hear about your child and son.

I understand you want to make a lot of money quickly investing in real estate, and I cannot blame your need given your unfortunate circumstance. However, what I have found is that real estate tends to be a long game because you need to learn your market, build your network and start understanding your investment niche.

With that being said it can go a lot quicker if you are willing to hustle for it. I think there were some good suggestions mentioned above about how to find property, and I might link up with a successful (trustworthy) local investor in your area that will buy all your deals from you even if you will make a little less, because (s)he can explain exactly what they are looking for and you only need to concentrate on finding deals - not finding buyers and trying to figure each one's criteria.

Best of luck to you and your family and wishing your child a speedy, successful recovery!

Welcome @Rason Lockhart if you're wondering how to put a property under contract it would probably be best to find yourself a local agent.

Good luck!

Welcome @Ryan Conor!

Hi Hartford County BP'ers,

Can anyone please send recommendations for reliable and reasonable snow removal co's/people near New Britain? Thank you all in advance and Happy New Year!

Welcome @Danette Bottelsen

Welcome @Kevin Curtis! 

It does take money to make money, but there are many other ways to skin a cat. For example, you can trade your talents and partner with someone that has money.

Best of luck and keep us posted with your progress!