Every extra dollar you put towards it will save you 6.375%, so it's basically a savings account with the same rate.If you have an emergency fund, need cash for other investments, and like to leverage debt more, I'd save all extra cash for the next investment and not pay extra on the principle. 

We’re still relatively new to flipping—we’ve done two properties so far—but we’re running into some serious challenges with hard money. 

And go through the extra steps for the larger loans they will do there in CA..

Land is also an extra benefit in TN that other states either do not offer or simply overpriced.Most of my investors from California have been buying in TN, IN, OH & Florida lately.

I use private money for purchasing foreclosures all the time.

I have had negative experiences with Conventus and there underwriting process that did not occur when using private money when it comes to banking, I have been known to take advantage of account opening bonuses and gave frequently switched instructions.

(saving the money to have your own deal is the worst idea)

@James McGovern,A securities-backed line of credit (SBLOC), which is what I believe you’re referring to, can be an alternative to hard money.

If you wanted an objective comparison of hard money lenders similar to consumer reports what criteria would be most important?

:I also lent money to Matt back in February of 2020.