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Updated over 4 years ago on . Most recent reply

User Stats

20
Posts
7
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Chibuzo Umeh
  • Real Estate Agent
  • Tampa, FL
7
Votes |
20
Posts

House Hunting in Tampa, FL and beyond

Chibuzo Umeh
  • Real Estate Agent
  • Tampa, FL
Posted

I am a new investor and I was wondering if those who have used a hard money lender found it to be worth the hefty price tag of buying points for the loan or is it better to save up and use your own money? Also, what strategy would you go with to gather others to invest with you on a project?

Most Popular Reply

User Stats

56
Posts
16
Votes
Daniel A. Abreu
  • Flipper/Rehabber
  • Tampa, Fl
16
Votes |
56
Posts
Daniel A. Abreu
  • Flipper/Rehabber
  • Tampa, Fl
Replied

@Chibuzo Umeh

Hi there! I found using hard money gave me the opportunity to get started investing sooner than I would have without it, so for me it was worth it. I work with a fantastic lender who works well with his consistent clients. Feel free to reach out for more details. Obviously, you stand to make more with cash. But getting started, just take your loan costs into account, and negotiate your deals accordingly.

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