Should I use 203k or Hard money?

[Brian Hatcher]

Hello all,

I am currently looking at a property that doesn't seem to need too much work. It is an older home and really just needs updates in kitchens like counters and a few appliances. Some paint and a deep cleaning. It has 3 units and each would need the work.

I'm stuck on whether I should use a hard money loan or just go with 203k to complete these renovations? What are your thought's? My initial assumption is that the Hard Money could cost me more than just lumping everything under one loan. 

If anyone can help me break down the Pro's and Con's it would be much appreciated!

Thanks in advance!