Hard Money Loans are they a good practice

[Joey Soler]

I've seen videos and read about it, but whats the actually process. Everyone is saying buy with no money down and you can use a private lender or Hard Money Loan. If I wanted to acquire a home with a hard money loan, what are the steps? I have search google and found many Hard Money lenders, but wasn't sure what next steps to take. Do I find a house first or do I see what I can qualify then go search for a house? is there any upfront cost to getting the hard money loan and is it a good way to get started. I want to buy and hold and heard you can refinance the loan after a year, is this a practice that could be used to get started? I haven't purchased anything but am looking to purchase in Palmdale, CA for a buy and hold within the next 6 months.