Pain Points in the process

[Jared Sandler]

Curious from y'all what some of your challenges have been when working with a hard money lender for your investment property purchases and what elements are most important to you? Is it simple a numbers game and best rates win or are other elements more important?

[Robert Biggins]

That is very helpful to know. Conducting real estate business with HML definitely requires the investor(s) to know the exact calculation for expenses, duration of development, etc. The most attentive factor is contracting. Unfortunately, a lot of contractors these days take on more jobs than they can actually start and complete, mainly focused on getting money. As you stated, not every company has the investor(s) best interest in reaching financial freedom. Therefore it is the investors responsibility to know the specifics in relation to risk management and potential profitability.