Hard Money Loan Process

[Jorge Guilson Garcia]

Hey guys, for those of you that have used hard money for a BRRRR project, did the lender require much of a down payment? Did the loan also help finance the rehab itself or is that more out of your own pocket? I'm interested in getting into the BRRRR strategy but was just curious on how a hard money loan works exactly. Thanks in advance!

[Steven Goldman]

All fix and flip loans require a deposit on the purchase price. The rehab money is usually totally funded. Some younger investors use a joint venture partner to help supply the down payment. It is easier to find money than a good deal. Find the deal you will find the money. Good luck.