Hard Money Lending Questions

[Joshua Hoffman]

I'm new to the game and have some questions around Hard Money Lending. I am considering using the BRRRR method to get started in real estate investing. Is utilizing Hard Money Lending specifically with this type of process a good decision? I am basing my thoughts around not having a lot of cash reserves(enough to do a conventional loan) and also the reality that most conventional lenders will not loan for flips/major rehabs ie roofs, HVAC, CapEx. How hard is it to find a hard money lender willing to lend to a "newbie"? I've done my research and know the exit strategies I would use but is it worth it? What does a typical "closing" look like with HML vs conventional? Thank you in advance for any information.