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Updated over 5 years ago on . Most recent reply

Linda D.'s profile image
Linda D.'s profile image
Linda D.
  • from Bronx, New York
  • Member since Feb 1, 2014
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Linda D.'s profile image
Linda D.'s profile image
Linda D.
  • from Bronx, New York
  • Member since Feb 1, 2014
Connect
Linda D.
  • Bronx, NY
34
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148
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Starting Out

What are the basics of a flip using a hard money lender?

Linda D.
  • Bronx, NY
Posted

I am sure I can find some info on this somewhere but in the meantime -- can someone explain the basics of a hard money loan and how you secure the property? Do you get the down payment through the hard money lender? Say I find a property for $100K - what happens next if I want to finance through a hard money lender?

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