using hard money to buy and hold ? Is that a good idea?

[Anaso Jobodwana]

Is it wise to use a hard money lender to fund buy and hold real estate investments ? or would it be better to use them to buy and-fix-sell ? and what is a good time period from buying to putting back on the market To minimize holding costs ?

[David Cruise]

There are private and hard money lenders that offer a rehab loan at hard money rates and then will refinance you into a long term 30 year rental loan at lower rates once stabilization of the property has been reached, i.e. rehab is complete and a tenant placed.  We are a regional lender that offers this in our 10 state footprint but there are certainly other options as well.  Just shop around to direct lenders and do your due diligence.  Don't pay upfront fees and ask a lot of questions about process, funding times, and all the costs associated with the borrowing process.