Any advice on Hard Money?

[Chris Virgil-Stone]

Hi Everyone,

I’m looking to do my first flip with a hard money lender. I have the capital and sound real estate knowledge. Being a landlord for 3 years and doing all the work myself, reading book after book and listening to podcasts I have learned a lot. I was wondering for anyone who has used hard money before if there were any surprises in the lending process? Not the actual renovation or flip, strictly in the lending process such as surprise fees or terms that you did not know about. I appreciate any and all feedback and am excited to take the next step.

I do have good exit strategies and am willing to take the risk as it has been something I have wanted to do for some time but was unable to. 

-Chris