Should I use a hard money loan to fund my first fix and flip?

[Nick Stango]

I got a call today from a hard money lender or who can do 100% financing on a fix and flip, 5 points, at 15 to 18% depending on my credit score. $25 for credit score check and if I remember correctly $675 for three appraisals on the property. They would lend 65 to 70% of the ARV. This may be the easiest way to get to do my first fix and flip. Your thoughts?

[Brent Coombs]

If you can get a better return on a property than you have to pay, why not? But that's the trick: Will it REALLY give you a better return than the amount you are up for!?...