HARD MONEY is NOT a good idea.

[James Wise]

I know I know everyone advertises hard money as this great way for newbie investors to get their feet wet and invest in deals they couldn't otherwise afford blah blah blah.

Let's all be real here folks. Hard money is NOT a good idea for you newbies out there. Markets are tight. Competition is fierce. If you are using hard money lenders you'll be pinched from a profit perspective. Not to mention you are new so you'll be pinched on the rehab since you've got no idea or track record. Lastly you'll get pinched on the purchase because hard money offers are way weaker than cash and sometimes even traditionally financed offers from a seller's perspective.

Thoughts?