Why Should I Use Hard Money Lending

[Scott Bares]

I am a dentist in North West IL. I currently have 7 Locations and we own 4 of the properties where our dental offices reside. We pay ourselves rent from these locations, which assures us a profitable return. I placed our company (Shady Oak Holdings LLC) 100% in my wife's name to assure that she has income in case the unfortunate would happen to me. Shady Oak Holdings LLC also owns a single family residence and an apartment above one of our locations.

We are looking to expand into real estate investment using rental properties as well as the BRRR method. We are in a rural community where rehabs can be found very inexpensively.

I dislike banks as we purchase a ton of equipment and my credit is constantly getting checked and I am interested in information regarding hard money lending as an alternative.

I would greatly appreciate any feedback from anyone that has experience with hard money lending.

Best Regards,

Scott Bares DDS