Your 1st private money/hard money deal?

[Cody Barrett]

I got conventional lending on my first deal, raised rents, upgraded a few things and I am ready for round 2.  Too bad the 25% down took that chunk of money to fund deal number 2. 

When it comes to private money and hard money lending.  Did you investors learn how those finance options worked and were calculated before networking to find the financing? Or did you bring deals to people and they simply expressed how the loan would work and how you would pay it back, etc...?

[Account Closed]

I am in the same boat as you, kinda..... I recently purchased my first property. It is a two family home which I plan to keep as a "buy and hold". Now I am already planning my second purchase which I plan to be a fix and flip, but I do not have the money to purchase/rehab out of pocket, so I'm looking for hard money lending. I hope you get some good answers! That would help us both.