Hard Money Lenders

[Rita Bock]

Hi BP,

Me and my husband have been really thinking about all the different ways we could finance our first flip and its more and more looking like we will have to do a hard money lender or private lender. Every time I hear about HML it sounds almost like a bad route. I feel real nervous having to resort to one. Any advice or things to look out for if we go the HML route? Also with a HML do we still have to put a percentage down, or does it vary depending on the lender we go with? I appreciate the feedback.