OVer the past month we have seen hundreds of millions / around $1B in defaulted private money loans come across our desk.

Does Hard Money typically cost 30-40% of the purchase price?? 

Hi Ricky,Being in operation for 10 years with mid seven figures of assets and NNN leases,it would be wise to speak with your tax advisor regarding if the tax set up should be an LLC, an S-Corp  or a C-Corp.It would also be wise to speak with an asset protection attorney to find out if this is something that might be beneficial to you in that area.

Are you looking to pay off the hard money loan, fund another investment, or cover property improvements?

So investor need to choose wisely.  

@James Wise@James Hamling@Steve K.

Quote from @James Wise: Quote from @Chris Seveney: Quote from @Bruce Woodruff: I saw @james wise thread on the fires in general but here are some other thoughts now that this has grown , I think it's important and very interesting...a) What will happen with CA insurance?

I am trying to get a hard money loan to start with the BRRR method.

You can get more money on either of those avenues..

It’s the same thing except it’s done in the name of the IRA and all the money comes out of the IRA and returns go back into the IRA.