All Forum Posts by: Scott Barber

Thank you Andrew and Jay. This is helpful information!

Hello All, 

I am "new" and wanted to say hi to everyone. I have been part of BiggerPockets for some time now but have not done a proper intro. My future focus/goal is for long term buy and hold units. I would like to start out with single family and move to multifamily. I am a combat vet that is now in purchasing. 

I would like to start with a little discussion and get some input from others... 

I need some help with getting started and using hard money. Would anyone start out with hard money even if that meant you didn't take profits for some time (no definition on "some time")? I know a lot of people would look at this as a little odd, however, I am looking to get my feet wet and figured if I find a good deal, finance it with hard money, take a loss for a hand full of years (due to typical high interest rates with hard money) and then get a traditional loan later, would you do it? 

Thanks for the input in advance.