I am Newbie, however I did purchase a home from my mother 15 years ago for $5000 and did a quit claim deed or Wrap around cant remember its been so long. I rented it for years and sold it to a friend of mine and made 40k off it, I was very happy the renter never missed a payment in the 6 or so years I kept it. So that is really the extent of my knowledge other that what I read on here and what I google, I have a 6 figure income a strong Business sense and above average intelligence and am a salesman at heart, I have around 30 k of my own money that I would like to keep right where its at and some other money in 401ks and such but lets just pretend those dont exist. So if I havent lost you and you are still reading here is my question: Would it be recommended to use a hard money lender on my first rehab/Flip? I am interested in something small of course maybe between 60 and 100k.. Something where I could make the mortgage easily if all else failed.. Thanks for reading and any and all responses will be greatly appreciated
