What Terms Do Lenders Generally Deal?

[Kevin Fermin]

I'm planning on buying my first rental property next summer & I was planning on borrowing money. Besides the bank, I know that hard money lenders get paid back with high interest rates. What types of other terms will they try to deal with me? Are they gonna be shareholders of the property? I'm really not quit sure what else I should be aware of if I'm gonna borrow from a lender. I want to be prepared and have a good idea of what I'm gonna deal with if I borrow money from lenders.

[Dennis Canon]

To really know for sure is to talk to both conventional and hard money lender. Just call and talk to them and ask as much questions you have.