Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

2
Posts
0
Votes
Scott Barber
  • Orion Charter Township, MI
0
Votes |
2
Posts

New Into - Hard Money Question

Scott Barber
  • Orion Charter Township, MI
Posted

Hello All, 

I am "new" and wanted to say hi to everyone. I have been part of BiggerPockets for some time now but have not done a proper intro. My future focus/goal is for long term buy and hold units. I would like to start out with single family and move to multifamily. I am a combat vet that is now in purchasing. 

I would like to start with a little discussion and get some input from others... 

I need some help with getting started and using hard money. Would anyone start out with hard money even if that meant you didn't take profits for some time (no definition on "some time")? I know a lot of people would look at this as a little odd, however, I am looking to get my feet wet and figured if I find a good deal, finance it with hard money, take a loss for a hand full of years (due to typical high interest rates with hard money) and then get a traditional loan later, would you do it? 

Thanks for the input in advance.

Loading replies...