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Updated over 2 years ago on . Most recent reply

Dean Murray's profile image
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Dean Murray
  • Investor
  • from Edmonton, Alberta
  • Member since Nov 29, 2022
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Dean Murray's profile image
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Dean Murray
  • Investor
  • from Edmonton, Alberta
  • Member since Nov 29, 2022
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Dean Murray
  • Investor
  • Edmonton, Alberta
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Starting Out

Hard money for first investment

Dean Murray
  • Investor
  • Edmonton, Alberta
Posted

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.

Edmonton, Alberta
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River Sava
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • USA
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River Sava
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • USA
Replied

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. 

  • River Sava
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