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Updated over 4 years ago,
Hard Money lending on BRRRR
Hi,
Im looking to BRRRR in the Boston or Southern NH area. I have a mix of cash and a HELOC available to use, but it seems it's not quite enough to buy most properties in cash in my area (currently working on finding more off market deals to see if that helps).
Would a hard money lender work in this situation if I needed to raise capital? How is payment structured through the lender, monthly interest, lump sum fee, equity? Does anyone have any advice or experience in this?
Thanks,
Steve