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Updated over 5 years ago on . Most recent reply
I’m a new investor and private money fell through, Hard money?
New investor, I had private money all lined up and started looking for deals. Now I'm finding deals and was ready to move on my first BRRR but money fell through. Any reason I shouldn't use hard money since I was counting on that cash. I personally don't have cash available at this time but don't want to miss out. Any thoughts on where I can borrow for purchase price and rehab?
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
@Ryan Shannon Hard Money is still a very reliable source of funds for a lot of people. There's got to be some good lenders in your area. Maybe try the Georgia forum? Or even try visiting some local REI groups? Just thinking out loud...but yes, HML can be good. I just prefer a reference. Hope all of that makes sense.