1st Deal - Hard Money - Brrrr - Yay or Nay?

[Bryan Weschler]

So I've been thinking of executing this strategy...buying an REO with hard money and transitioning to the Brrr strategy, refinancing within a year, pay the hard money guy back and hold the property as it is rented. Has anyone executed this strategy? What are your thoughts as a first deal? (I'm in the South Florida market) All comments appreciated.

[Will Skillman]

Bryan Weschler ALWAYS have an ironclad exit strategy when you use hard money. It is easy money to get but can eat your profit very quickly.