Newbie Hard Money Loan Question

[Joshua Toste]

Hello everyone, I'm calculating that total dollar figure needed to execute a "Fix and Flip" project, and was wondering if some of the property purchasing costs such as, Title insurance, Land Transfer fee, etc. Could be Incorporated into the amount financed through a hard money Lender; Or must these expenses be covered out of pocket? 

[Caleb Jordan]

Originally posted by @Joshua Toste:

Hello everyone, I'm calculating that total dollar figure needed to execute a "Fix and Flip" project, and was wondering if some of the property purchasing costs such as, Title insurance, Land Transfer fee, etc. Could be Incorporated into the amount financed through a hard money Lender; Or must these expenses be covered out of pocket? 

There might be some hard money that rolls in those costs, but that is not going to be common. Also remember HML will probably have fees of their own. Origination fees for sure, perhaps processing fees etc. Most often you pay those up front too, there may be some cases where you can roll them into loan.