Hard Money Maybe

[Charlotte Moore]

I will be purchasing my first wholesale property within the next 90 days. My credit is pretty good so I can get a conventional loan with a low interest rate, or get a hard money loan with a higher interest rate and fees. I also have money for a down payment. I've heard its best to use OPM (other people's money) whenever possible when wholesaling. Is this true under my circumstances?

I'm concerned about the high cost of OPM, especially if I do not find an investor/buyer as quickly as I'd like.

Please advise.

[Charlie Fitzgerald]

There are hard money lenders that are not going to be a poor option for you to consider for thus.  We are one of them.  The versatility and flexibility we have allows us to provide you with a term loan that gives you sufficient time to exit the loan with us.  We also have rates that are very reasonable for this product and when you consider that payments are interest only, not a whole lot higher than other financing options that are tremendously more difficult to obtain.  Hard Money is not the evil beast that a lot of people claim it is, provided you are working with a lender that is dedicated to your success and has the capital resources to be very competitive.  We loan 20 million + dollars a month to lots of very happy clients.  You can be one too.