Getting my first hard cash loan

[Rogelio Vivero]

Good Afternoon, My name is Rogelio and i am new in the real estate business and i was wondering on some advice. I might possibly have found a property and would like to use Hard money to purchase this property to possibly fix and flip.

First question is any one have a recommendation of a good company to help me obtain a loan using hard money?

Second, what do they mean when they say “points charged by lender”?

Third, (again im new at this) does Hard money loan go towards your credit or change it any way each time you apply for a loan?

Thanks for everyones help in advance.

[Mike Malloy]

There is a list of lenders built into the forums here.

Points charged by the lender are a percentage of the loan amount that is either charged or added to the principle. They usually serve to cover any fees such as appraisal, documentation, research, etc. 

Most hard money loans do not affect your credit as long as things go smoothly. Some will run a credit check, but few will report the loan amount to the bureaus.