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All Forum Posts by: Ru Budha

Ru Budha has started 1 posts and replied 2 times.

Quote from @Chris Seveney:
Quote from @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.


If I had a borrower want to be guided through a deal and review it, I would not give them money even if it was a great deal, because to me the most important part of lending is the borrowers experience. This shows they do not have the experience to deal with issues and to me would be an automatic no.

Chris. Sorry I was not clear on my request. Obviously I would be doing my background work. I was referring it would be good for someone to review the ARV and confirm. 

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.