First BRRRR, Hard Money vs. Traditional Loan

[Lesley Ray]

Hi all,

I'm looking to purchase my first investment property in Cleveland, OH. I plan on utilizing the BRRRR method and am currently feeling torn on whether to obtain the property with hard money vs. a traditional loan. I view the benefits of hard money as being able to purchase a property in cash but obviously with that convenience comes higher interest rates.

I was wondering if others have favorable impressions or experience with one over the other for BRRRRs.