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Updated about 2 years ago on . Most recent reply
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Hard money for first investment
I'm looking to get into the BRRRR method of investing but with have to wait a year or two to save enough to try to buy with cash. Is it foolish to use hard money for my first investment? I'm ok with the risk but I've never used hard money and I'm unsure what exit strategies I would have if it goes off the rails.
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River Sava
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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Hi Dean- You can go through hard money, but I agree with the others, you don't want to hold onto it for a while. Would love to discuss further with you.