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Updated over 6 years ago on . Most recent reply

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374
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27
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Ben C.
  • Metuchen, NJ
27
Votes |
374
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How can you afford Hard Money Lenders?

Ben C.
  • Metuchen, NJ
Posted

Hello,

Just wanted to get a discussion going on Hard Money Lenders. How can everyone afford them? There are great deals that pop up when it is only cash involved. However, once I calculate in hard money lender fees, points etc it squeezes the deal down from a home run to a single/double and if something goes wrong a loss. 

Don't think I am willing to take that risk and work my butt off to making the lender his interest while they sit back do nothing and collect. 

Thoughts?

Most Popular Reply

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1,168
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1,708
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Ryan Murdock
  • Rental Property Investor
  • Maui, HI
1,708
Votes |
1,168
Posts
Ryan Murdock
  • Rental Property Investor
  • Maui, HI
ModeratorReplied

A single or double is better than sitting on the bench.  String a few of those together and you might not need hard money anymore.

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