So I think that I have terrified my wife of Hard Money...

[DJ Cummins]

So we have a 4 unit buy and hold right now, and that is going great. I have been looking at so many different options that I am going crazy. I found a great property, literally right across the street from my brothers house. It is a great candidate for either a flip, or the BRRR strategy. I am trying to talk my wife into considering a hard money loan to purchase the property, and pay for the renovations. She is terrified about taking a risk with a hard money lender.

So...can someone help me to explain to her what we would be getting into with the hard money?  I think there is 10-20k in profit we could make on the flip, so i am ready to go with it.(I am in the midwest, so we dont have gigantic deals like some other cities). 

[DJ Cummins]

I've obviously seen the outside of the property, but only pics of the inside.   I'm just trying to get my wife on board to a hard money loan.  House is same as my brothers, which he bought for around 90k in 2007. It would be an easy 75-80k arv now. Property for sale at 28k.  The 10-20k was just a soft estimate for purposes of this post.   Kitchen of the property Looks fine. I would think rehab 10-15k....with a lot of work done myself.