Is it wise to hard money purchase for rental properties?

[Wanda Croft]

Hi Everyone, Newbie investor here and I wanted to ask some advice on hard money lending.  I actually purchased my first property with a hard money loan.  It needed light rehab and within 3 mths I was able to refinance it into a traditional mortgage.  The advantage was clearly speed and that I was able to jump on a wholesale property that has continued to cash flow great for being our first rental.  

The only thing I did not like was that I had to pay closing costs twice.  Seemed like so much money at the time.  For you guys out there with experience should I just wait to have my 20 % down and close once or hard money the purchase quickly and go through the hassle of closing twice again?  In the long run does it matter?