Hard money or traditional loan for first time investor

[Vasily Alagoz]

I've been working off and on since I was 18, finally got a stable job but only been here for 8 months. Should I go with a traditional loan or try and find a hard money lender? What are other option? I've been interested in being a property investor for 10+ years.

[Wendell De Guzman]

It depends - if you plan to fix-n-flip, you need a hard money lender. If the property you're going to buy does not need work, conventional mortgage is the best option. Search for posts on BRRRR (Buy-Rehab-Rent-Refinance and Repeat). @Brandon Turner coined this term (he's a smart man!). Inspired by this, I also posted in the forums this provocative forum post: "How to Buy 20 Houses for $20,000". Here's the LINK to that post.