Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Alejandra D.

Alejandra D. has started 1 posts and replied 2 times.

Post: How to evaluate if using Hard money for a deal is best?

Alejandra D.Posted
  • Chicago, IL
  • Posts 2
  • Votes 0

Thank you Caleb for the advice and info! 

Post: How to evaluate if using Hard money for a deal is best?

Alejandra D.Posted
  • Chicago, IL
  • Posts 2
  • Votes 0

Hi! I am new to the Real estate investing world, and have recently joined a service that sends me deals that have been analyzed for a fix and flip investment. I have Money saved, but I would like to avoid using it if I can, so I have looked into Hard money lenders as the quickest option, I would like help evaluating if it makes sense to use that route of financing. 

The deal im looking at asking price is $50,000 Rehab estimate is about $60,000 and the ARV on the Property would be $155,000. With hard money im looking to having to put 20% down payment with a 10-11% rates and 2-3 points