Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

36
Posts
12
Votes
Blaine Cox
  • Rental Property Investor
  • Lexington, KY
12
Votes |
36
Posts

Hard money lender question

Blaine Cox
  • Rental Property Investor
  • Lexington, KY
Posted

In regards to hard money lenders, do they prefer to fund the entire deal and take their % or can it be broken up? Meaning I put the down payment down and they fund the fix up costs for a fix and flip?

For example for a fix and flip do hard money lenders prefer to just purchase the property cash as well as fund the rehab then recoup their money plus the fee at the time of sale?

For a buy and hold BRRRR, same question. Do they prefer to purchase and fund the project then at time of refinance they get their money plus their % back?

Finally I can't remember what I heard on a podcast in regards to using hard money. They either said to not use hard money on fix and flips or to not use hard money on BRRRR's. Which is better to use hard money if you had to?

Loading replies...