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Updated about 10 years ago on . Most recent reply

User Stats

50
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8
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James Sotipalalit
  • Real Estate Investor
  • Montgomery Village, MD
8
Votes |
50
Posts

Hard money lenders

James Sotipalalit
  • Real Estate Investor
  • Montgomery Village, MD
Posted

Hello James Sotipalalit here I'm a new investor and currently getting my realtors license also but I have been reading a lot of information on the biggerpockets guide.  I started reading about duplexs and triplexes, my question is do you suggest using hard money lenders to fund duplexs and triplexes?

Most Popular Reply

User Stats

301
Posts
111
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Zoran M.
  • Real Estate Investor
  • Cleveland, OH
111
Votes |
301
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Zoran M.
  • Real Estate Investor
  • Cleveland, OH
Replied

HML are typically six month terms. They will want you to have an exit strategy; sell
or refi. Before going the HML route, try to get prequalified for a portfolio loan by a local bank.

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