Information on Hard Money Lenders

[Joshua Harter]

Hey everyone, 

So I have been curious about Hard Money Lending. I've heard it mentioned time and time again on the BP Podcast. Statements are made about buying homes to BRRRR without any of your money upfront. I currently have enough liquid assets to fund a min renovation (20k). I've researched and contacted a couple Hard Money Lenders however all require 20% down. With homes in my area floating around the 150k-200k mark do I wait until I have the 35k-50k before trying this method? Even including the equity in my current home (Just purchased in Sept) I'm about 20K-30K short.

Does anyone have any insight or information as to how they have actually purchased a home to BRRRR without an initial out of pocket costs? Am I just crazy or misinterpreting something discussed in the various Podcast?

Thank you in advance.

Josh