Use cash or hard money for flips??

[Joel Owens]

Hey everyone,

If you had hypothetically around 85,000 cash would you use hard money for your flips or just use cash to avoid the inspection costs with appraisal,points,and loan carrying costs??

I like the idea of hard money to preserve the capital and use their money for flips.

With cash I have total control but cash outlay until it sells.I will also get the 3 to 4% broker co-op when I buy.

If I bought cash I would let the listing broker have it but if I used hard money I would want to offset points I paid out.

I do have private lenders but they might want too much control or cut of the deal.

Would it be best to use hard money for acquisition and then my capital for repairs?? This way I wouldn't have to wait for a hard money lender to inspect and release in draws and delays.

I have mostly sold for clients and not completed any flips myself but have been studying for years.I can get 3/2's needing rehab for in the 20's in my area.

Resale around 95k to 100k.

Thanks for the input..................