Connect with The Hard Money Co, Mach1 Lending, MGM Capital or Plan B Homebuyers. 

Does anyone have a hard money calculator that they can please share?

Creative Freedom: You get to design and transform spaces, which can be personally fulfilling.The Bad: Where Flippers Lose Money⚠️ Underestimating Repair Costs: Surprise structural issues, contractor delays, and material price spikes can kill your budget.⚠️ Market Changes: A hot market today might cool down before you sell, which reduces the profit.⚠️ Financing Challenges: Hard money loans carry high interest rates that nibble into the bottom line.Unrealistic timelines: If you think you're going to be in and out in 60 days, you're sadly mistaken-most flips take longer than expected.Real Talk: Is Fix and Flip Still Worth It?

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

Quote from @Timothy Frazier: Is it a bad idea to use a hard money loan as a downpayment for a turnkey property?

Investment Info:

Single-family residence other investment in Redmond.

Purchase price: $550,000

Cash invested: $145,000

Sale price: $915,000

This was a home run for a long term (5 years) buy &...

I used a hard money loan to purchase this off market deal.I rehabbed the upper two units within two and a half weeks and have a renter already lined up for one unit.

You'll pay a higher rate and may need to have more of your own money in the deal in case of unexpected repairs. 

Hey @Erika Andersen I totally hear you in wanting to save some money and taking on the task yourself.

That money could be helping hold your mortgage balance down and save you money on interest.