New to hard money, and need a little help

[Cameron Ellis]

hi guys,

I'm looking into starting my buy and hold portfolio, today I spoke with a investor actively flipping and holding properties in Phoenix and LosAngles and I pretty much explained to him the success I'm having in my market. His immediate answer was "Cameron, get a hard money lender and build your portfolio"

I'm at the point now where I've developed great relationships with the companies investing in my market, and I have a great source of properties coming my way I'm letting go for really good prices. The guy I spoke with explained to me "buy 3, sell 1, pay 2 off, and repeat"

I guess what I'm confused about is the part the financing option the lenders will give, for example if I ask my HML for 100k at 15% over a 6-12 month term, will I just need to pay 115k by the end of the term?

Any information on HML would be great for me, back to my YouTube and bigger pockets handbook.