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Updated over 7 years ago,

Ben C.'s profile image
Ben C.'s profile image
Ben C.
  • from Metuchen, New Jersey
  • Member since Nov 13, 2015
Connect

User Stats

374
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27
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Ben C.'s profile image
Ben C.'s profile image
Ben C.
  • from Metuchen, New Jersey
  • Member since Nov 13, 2015
Connect
Ben C.
  • Metuchen, NJ
27
Votes |
374
Posts
Creative Real Estate Financing

Cash Vs Hard Money Loan

Ben C.
  • Metuchen, NJ
Posted

Hello All,

Firstly I only deal in flips. On all of my previous flips I exclusively use cash (helps me get properties and avoids all of the mortgage related headaches that come along with closing).

I am exploring two different options going forward...

1) Standard Hard money loan 9-12% + 2-3 Points

2) Buy all cash and get a HELOC right after closing to free up capital to use for renovation expenses

Thoughts?!

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