Hard Money Lending Checklist

[Sukhpreet Singh]

Hey all. I'm looking to get my first BRRRR property and have some research/knowledge I need to get down before I begin outlining a plan. My question is, what are the biggest risks of taking on a hard money loan for my first property? Any and all holding costs metrics or simplified calculations to easily come up with what my all in costs will be as I'm running numbers would also be awesome.

Searching for single family and/or duplex properties in Connecticut.