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Updated over 7 years ago on . Most recent reply
Hard money lender payment structure
Hello BP community, I'll be using the BRRRR strategy with my properties and considering hard money lenders. My questions are, how does a hard money lender expect repayment of the loan? In one lump sum after a pre determined amount of time or monthly payments, etc.? From your experience what are some common things to prepare for to secure a loan? I appreciate any information!
Most Popular Reply
Jason Hirko
Thank you, I just read your blog about knowing your cost of capital a couple days ago (very eye opening) so any advice from you is appreciated!
Kerry Boyle
That is exactly the kind of thing I'm trying to avoid!