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Updated about 1 year ago on . Most recent reply

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Ron Hollingsworth
  • Investor
  • Phoenix, AZ
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Something Better Than Hard Money

Ron Hollingsworth
  • Investor
  • Phoenix, AZ
Posted

After having flipped half a dozen properties and using expensive hard money, I'd looking for another, cheaper, option.  Can anyone share their experience in where you found leverage for your flips outside of hard money?  

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Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
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Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
Replied
Quote from @Ron Hollingsworth:

After having flipped half a dozen properties and using expensive hard money, I'd looking for another, cheaper, option.  Can anyone share their experience in where you found leverage for your flips outside of hard money?  


Generally - short term loans for rehabs/flips are always going to be higher-rate and hard money will be your option - generally the lower-rate options like conventional or DSCR will be for turnkey or no-reno needed properties only.

Other options are to utilize your own cash buildup or partner with an investor that takes equity instead of a loan

  • Robin Simon
  • [email protected]
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