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Updated over 10 years ago on . Most recent reply

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Sheree Rainbow
  • Raleigh, NC
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Gerald Harris
  • Investor
  • Atlanta, GA
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Gerald Harris
  • Investor
  • Atlanta, GA
Replied

You can have success with Hard Money Lenders but you must know what you are doing.

1.  Make sure you understand values/comps

2. Have a good understanding of rehab/fix up costs

3.  know your hard money fees that are involved

I have had some success and failure with Hard Money Loans.   when you are beginning investing, best thing to do is find a mentor to help walk you through the process.   A Hard Money Lender and a Real Estate Investor Look at a deal and evaluate it in a different way.   I didn't understand in the beginning.   Then as I became more seasoned as an investor I began to evaluate and see deals as a Hard Money Lender, then success came.  

Here is a link of Hard Money Lenders for you in the North Carolina area

http://www.biggerpockets.com/hardmoneylenders/nort...

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