Question to lenders about how to best protect the investment.

[Yadriel Carrasquillo]

Hello, and thank you for taking the time to read this and for your helpful answers.

I’ll get right to the questions.

So, I hear that hard money lenders let you borrow up to 70% of what you need to buy and rehab a property most of the time. Is this true?

I also hear that you can find a private money lender to finance the rest. Is this also true?

If both of these are true, how does the private money lender protects what he/she invested, and what does it look like in the event the deal fails and both lenders are asking to get their money back?

Again, thank you for your time and for your answers.