Quote from @Carlyn Chism:I agree with Chris on a lender that might be a scam or make you may so much money interest because of the low credit score that you make $1.00 on the flip or no money.  

What key factors influence your decision to partner with a lender for private money in real estate?

You would borrow against the equity at 7% or more, then use the money to pay off a credit card?

  :)  Many Indians send money back home to repay people that bankrolled their studies in Canada. 

Also, I’m pretty new to this but I’m assuming you’d have to have an LLC in place to accept hard money or money from private lenders? 

I would focus on saving enough money that if I had a deal go bad, then that money I saved was there to cover it. 

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.

I wouldn't do a HELOC unless you need money for the down payment.

I've never had to use hard money before, so I am not sure what type of conditions are reasonable.

It’s concerning as I have a lot of money tied up in this.