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Updated over 6 years ago on . Most recent reply

User Stats

12
Posts
2
Votes
Dellener Crayton
  • Philadelphia
2
Votes |
12
Posts

Best route Hard Money Lender or Trusted Investor

Dellener Crayton
  • Philadelphia
Posted

Scouting out a few potential residents I'm interested in purchasing to rehab for resale. This will be my absolute first buy any suggestions on which way is better to get the finance part in order Hard Money lenders or finding an trusted Investor?

Most Popular Reply

User Stats

54
Posts
16
Votes
Tara Daniels
  • Private Money Lender
  • Tampa, FL
16
Votes |
54
Posts
Tara Daniels
  • Private Money Lender
  • Tampa, FL
Replied

Hi Dellener,

For your first purchase, it would be a good idea to finance the deal with Hard Money.  If you are looking to find a trusted investor with no experience, you may be unsuccessful or receive unfair terms.  With Hard Money, you will get fair terms and also know if you have a good deal to invest in since Hard Money Lenders do due diligence on the property prior to lending.   Please feel free to message me with any questions!


Tara

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