Hard money lenders: what do you think?

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Hello everyone. I wanted to start my first flip and I’m seeking some lender as I can’t raise private money then the only option I seem to have right now is finding hard money lender. Now it’s a very basic question. What do you think about borrowing from them? I know the interest rate is high but I believe that not everyone use their own money or have an ability to raise private money so what do you do? Do it borrow from hard money lenders? Is it okay? What to avoid? Thank you very much.

[Kevin Dong]

50% of deal is better than 100% of no deal. If that's the way to get you going. Why not .   Hard money lender is specifically for fix and flip in my opinion. 

You gotta know your market and know the value specifically. Give yourself enough room to not to loss. So always take the bulk part on rehab and expense and underestimate a big on ARV. Do the number's right is the key. @Jay Hinrichs As jay said. Your estimated profits should be well cover the cost of getting the loan. If not that's not even the deal you like to touch.  Flipping house is dangerous. Lots of surprises. You gotta know your market.   I personally like to flip 200k multi family property deals for $30k-40k net profits without the hard money loan. Cost of hard money loan is around 8k for quick turn over.  But I meant. Getting that 20k is better than not doing it right ?