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Updated almost 6 years ago on . Most recent reply
![Jacob D Cockerell's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1166106/1701971000-avatar-jacobd78.jpg?twic=v1/output=image/crop=958x958@0x0/cover=128x128&v=2)
hard money lending inquiry
considering using a hard money lender for my first flip. any advice on what are good terms to look for? bad terms to watch out for?
Most Popular Reply
![Tim Johnson's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1085124/1621508631-avatar-timj87.jpg?twic=v1/output=image/crop=433x433@0x0/cover=128x128&v=2)
Don't pay any up front fees, no money out of pocket till closing. Some good ones charge for an appraisal, but don't pay more than $600 for a Single family
Terms are between 10% and 15% plus 2-5 points.
Happy shopping