Hello, I am a new investor and I am looking to use a hard money loan to purchase my first rehab property.

This laundromat’s washing machines cost more than I thought, but the time of washing the clothes was fast: 22-27 minutes.  

I know some investors are fine with losing some money each month, but I prefer to have some cashflow.  

You could very will spend that $50,000 and in the end just have some notes and notebooks and nothing to show for the money?

If I were in your position, I would keep things as simple as possible and focus on building equity to save money for my next property.

There are some areas that will never cash flow, rather where you will get a return on your money is through appreciation when you sell.

I'm thinking of using that same money to potentially buy a rental property that could yield more and appreciate in value over the years.

I've been looking for hard money lenders and agents to work with, so if you have recommendations to look into, let me know. 

How do you intend to make money once you quit your W2? 

Funny thing is that the agent saw how much I liked it and tried to buy it herself but then last minute her money fell through so she came back to me and I had 2 weeks to buy it before probate got involved.