Hard Money Lending: upfront money needed?

[Yadira Gutierrez]

Hello BP Investors!

I have been researching for hours and I still cannot figure out if I need to bring money to the table through Hard Money Lending.

If I understand correctly, I could get around 70% of the ARV (depending on company). Lets pretend that with that 70% I can buy and repair the property.

Do I need a down payment? Collateral?

How do I pay for the "points"? Upfront or are those points "roll over" and included on the loan?

Back to the initial question, any upfront money needed? Is there any scenario where I can borrow without any money out my pocket? 

I cant wait for your responses, you guys rock!

Happy Investing...

Yadira