The latter is usually something I don't prefer, yet that's my preference.

In this type of loan (balloon), your note is due and you have a choice either pay off the mortgage or refinance.Does it help Dean?

Prefer downtown Houston and towards the South.

I don't think either is wrong I think its just what you prefer.

the wholesaler I bought it from used them, it was not my choice.

And for those who sometimes pay on the due date and sometimes miss the due date, they have a choice: plan better or pay us a late fee.

@Justin Stamper so lets get this seminar started lolWe can change the place to somewhere that serves drinks if everyone prefers.

Using a hard money loan for 18 months might not be the best choice.

I prefer that number to be 3 percentage points or more.Return including equity buildup ( assuming 30 year amortization) is $1,560 on your $6,000 investment or 26% in the first year.You will have to decide whether 8% is reasonable in your area and what return you require.Good Luck.Bill

Altough I prefer Direct lenders and Private financing for now.