Funding by myself vs Hard / Private Money

[Ru Budha]

I have about 50K of saving that I could put as down payment for my first BRRRR project. I am still a novice and wondering is it better to get hard money instead of throwing my own money. I feel that if I got with Hard money the lender will guide me to purchase a better deal? Appreciate any feedback.

[Matthew Crivelli]

Hard money is not for down payments. That's not how it works. Usually the HML will give you the bulk of the purchase price (75%-85% currently) and the rehab money to fix the property up. We are not here for down payment assistance. You are correct that using hard money is a safer option as your ARV will likely be verified through an appraisal or BPO. Hard money lenders WILL NOT LEND if they feel it is a bad deal for you.

@Ru Budha