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Updated over 6 years ago on . Most recent reply
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Scared of borrowing from hard money lenders and not make profit
I’m scared of being in debt from a money lender and also using the money and having to pay on a property and not make a profit from it. Also doing miscalculations of percentages that is owed back to the money lender and the whole paper work of legalities. How can I be confident? I have been listening to bigger pockets for over 3 months and am still not confident.
Can anyone help?...
Best,
Giovanni( active duty coast guard)
Most Popular Reply
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Jay Hinrichs
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Originally posted by @Jim Pellerin:
4% from a hard money lender is fantastic. Jump on it.
and NOT REAL that is a scam and most likely they will want money up front then he will never hear from the thief again.
- Jay Hinrichs
- Podcast Guest on Show #222
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