Quote from @Neil Warren: Hard money loans are at higher-interest rates and for shorter terms, meaning you will pay them back quickly, usually in 12 months or less.You should not borrow 100% of the purchase price.

Paying over retail only has in my mind one benefit or a reason to do it.. well maybe two . 

For me, who is on hte podcast has ZERO impact on my business and the benefits of a paid subscription for BP assist me in growing my business - and I make these decisions based on the business and not on emotions or my feelings. 

If a property isn’t a good deal or has issues, he either won’t share it or will advise our clients and friends to pass on it.We also have our own investment deals and have built a reliable network of great contacts, which is another benefit to working with someone who has done their own deals. 

My main question is…i know i pay a deposit and we have an agreed upon term.

I am well versed and up to date on the VA loan program as well as other resources to help veterans understand their benefits to help them reach their real estate goals! 

We have several different "types" of properties to include traditional single family rentals, one multifamily rental, lease to buy options with tenants who hope to buy from us, two short term rentals, and some agricultural farm land that is cash rent. 

We do however expect the second half of this year to really pick up in terms of trades.

I would like to retain this house and turn it into a mid-term or long-term furnished rental.I would like to move out of that house and into a bigger primary residence which would likely be a $750-850k purchase price.

Most will have a hard set no if there is any indication of un permitted work since it is a long term loan.