Hard money is a type of business loan for non-owner occupying investors.

If the loan was fully funded at closing and since then the loan is in an interest-only payment period, these numbers would equal. 

Let's use that as an example. 20% down is $43,000 plus lender loan origination fees, closing costs etc is going to push you over $50,000 cash out of pocket.

Quote from @Devin James: Im currently learning this lesson with New Builds that have taken twice as long to complete than anticipated.....Finishing a Real Estate project ASAP is critical because...1) Holding Costs add up quickly- Loan Interest- Property Taxes- Insurance2) Investor Capital- Our financial projections are dependent on how fast we can turn our investors capital.

Found this property through our local online foreclosure auction site.

However those with no to very limited experience will never get a fix and flip loan  from a bank. 4.

Additionally, not all transaction types support Locations, meaning you'll have to create journal entries to correct them—requiring a solid understanding of debits and credits, which can be time-consuming and error-prone.Instead, I recommend biting the bullet and upgrading to QuickBooks Online Plus for each entity.

Instead of piecing together information from random online sources, you get a cohesive learning experience.4.

@James JeffersonHi James,To buy out the property you need to probably apply for a loan through any lender.  

Most 1-4 unit real estate investors are using DSCR loans right now for any buy and holds while flippers lean on higher leverage bridge/fix and flip loan options with higher interest rates.