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. 

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

AB 2622 allows unlicensed professionals to handle jobs under $1,000, such as repairing gates, patching drywall, or fixing leaky faucets—saving you money without sacrificing quality.2.

We then use our money for the improvements.

The one with evidence wins.

.🔑 What I Offer:Access to off-market and underpriced propertiesExperience working closely with buyers to maximize ROIA deep understanding of the local market trendsTools and strategies to analyze deals quickly and effectively🤝 Who I’d Love to Connect With:Investors seeking their next projectWholesalers, contractors, and property managersAnyone looking to build meaningful, win-win relationships in real estate🎯 My Goal:I’m actively looking to expand my network and help others succeed.

However, I’m new to navigating such a situation, and I’m looking for guidance on:Collaborating with neighboring property owners to reduce costs and share resources.Structuring deals involving land contributions and joint development efforts.Attracting capital partners for projects like this.I think this could turn into a win-win for everyone involved, but I want to ensure it’s planned and structured correctly.

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.

If you have any tips, resources, or advice for someone just starting out, I’d greatly appreciate your insights.Some specific things I’m working on right now:Building a strong buyers list.Identifying motivated sellers and honing my outreach.Learning the ins and outs of structuring win-win deals.I’m open to partnering, collaborating, or just grabbing coffee to exchange ideas.

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