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Updated almost 6 years ago,

User Stats

327
Posts
152
Votes
Jordan Santiago
  • Investor
  • Queens, NY
152
Votes |
327
Posts

HARD MONEY FOR A RENTAL PROPERTY

Jordan Santiago
  • Investor
  • Queens, NY
Posted

Hello BP fam! So I am in New York City, and I desperately want to buy my first rental property. I am 21 and my goal is to eventually acquire 1,000+ units. As everyone knows, New York is extremely expensive so I was wondering if:

1. Hard Money Loans for rentals are a good idea?

2. How do hard money lenders get their money back when lending on a rental property.

I would love all feedback, opinions, and experience from everyone, and if you want to connect message me!

Thanks so much BP! Happy investing. 

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