fix and hold

[Gregg Alexander]

how would I go about fixing and holding using hard money. (Step by step)

[Brent Coombs]

@Gregg Alexander Yes, you can "can fix a property using hard money", but how have you financed the property in the first place? If the whole property, PLUS rehab costs are being bought with all hard money, then where is your equity that will enable you to find 'proper' lenders later?  Or, if you have enough deposit, a 'normal' lender should be available to you from the outset - even if the property does need work?  Then, if your rehab costs require a hard money lender, yes, do the rehab and HOPE that your 'proper' lender will refinance the original 'normal' loan based on the new-improved value that you have added. (Otherwise, make sure you have enough ongoing income to pay out the outrageously high interest rate to your hard money lender as quickly as possible). Cheers...