HELOC vs Hard Money Lending to fund 1st BRRRR project.

[Eddie L.]

Going to be funding my first BRRRR next ($70k-120k purchase + rehab). I have the option of using hard money or HELOC from my primary residence. I'm debating on which option is better. I plan to refinance within 6 months to lower rate / longer term.

All else being equal, which do you prefer? Has anyone used both and found one option more favorable?

HML higher rate (7-9%) but fixed. HELOC usually lower rate but variable and also your house is used as collateral. May have hidden costs with appraisals, title, etc.