Hey BiggerPockets community!
I’m analyzing a potential deal in Florida, but there’s a catch—it’s in an AE (High-Risk) flood zone. Hurricane Milton recently caused widespread flooding, yet this house remained unaffect...

Social media makes it look easy.
“Just get into real estate and start making six figures!”“Wholesaling is passive income!”“Close deals while sipping margaritas on the beach!”
REALITY CHECK: THIS BUSINESS IS HARD.W...

Quote from @Victor Patel: I recently invested $60K with a local hard money lender who has been established in the area for decades.

I’m interested in using hard money for a BRRRR or flip project, and I’d like to take the first steps toward making this a reality.

Can anyone recommend hard money lenders who specialize in working with first-time investors?

Get Pre-Approval from Hard Money Lender.2.

The benefit of this is that you are not paying Hard Money rates so in long term there is a lot of savings going this route.

I'm considering using hard money lenders or DSCR loans, but it seems like DSCR would be a bit complex.

Here are some hard numbers from my end:40k — 60k down payment6% minimum CAP rateMultifamily — 2 to 4 unitsColumbus, OHSome of the questions I have revolve around the actionable steps I can take as well as the hard numbers I should be on the lookout for when analyzing a property as being a good deal or not.I would be more than happy to schedule a call at your earliest convenience to discuss the details.

What are the main differences in hard money lenders vs. private money lenders?""