@Hector Haro there's no helping someone who pinches pennies while losing dollars.

I buy real estate but I carry debt which is actually tax deductible, my money works for me.

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.  

if it is unsecured loan that is the consequence, you lose they entire thing. as far as tax write off, sorry but none.

You make a go of it, but a year later you run out of money. 

I was losing money every month and was done managing the property.

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.

Now investors, especially the newbies, are chasing returns by going after higher risk investments - many NOT really understanding the true risks.Many more investors will be losing money and choosing to liquidate real estate - which will be buying opportunities for the better prepared investors.

On top of that wholesalers by and large are very inexperienced and or pretty slick.. this is a perfect set up to lose money as well.  

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?