Funding For Flipping

[Michelle M.]

Is anyone familiar with www.fundingforflipping?

[Hattie Dizmond]

Anthony Dooley you should listen to the podcast they did with Ann Bellamy. She's a hard money lender and contributor here on BP. I don't remember the number, but it was one of the really early ones.

Anyway, the real point is that if you can qualify traditional financing, you probably shouldn't use a hard money lender. The exception to that would be if you needed to close quicker than you could get the conventional money, and you were going to refi yourself right out of the hard money loan. Or, you had a need to not tie up assets as collateral.

Hard money isn't for everyone. It depends on your strategy, your risk tolerance, etc. It's not a good model for Buy & Hold unless it's uber short-term strategic. But, it has it's place and serves a very important role for a lot of investors.