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Updated almost 9 years ago,

Melvin McMillan's profile image
Melvin McMillan's profile image
Melvin McMillan
  • Real Estate Investor
  • from Columbus, Ohio
  • Member since Dec 6, 2014
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Melvin McMillan's profile image
Melvin McMillan's profile image
Melvin McMillan
  • Real Estate Investor
  • from Columbus, Ohio
  • Member since Dec 6, 2014
Connect
Melvin McMillan
  • Real Estate Investor
  • Columbus, OH
0
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17
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Buying & Selling Real Estate

hard money

Melvin McMillan
  • Real Estate Investor
  • Columbus, OH
Posted

Hey bigger pockets family!!! I have concerns about how would I pay interest rate percent on a hard money loan, if i decide to hold on to the property for long term jeopardy or cash flow.. The hard  money lender wants 18% of the profits on a 6month term with no monthly expense if i did the bird strategy and held it, HOW WOULD THEY MAKE THEIR PROFITS???

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