Make a decision based on the numbers.

In my experience “hard” money is used to describe an extreme section of what’s referred to as asset based lending.  

I would base the theme on what the house is near.

They can take out enough for a down payment for the next house and a little extra to put into savings as a "What if" fund maybe 3-6 months PITI based on the new home payment.

HI Mariya, My team is based in Orange County.  

I have a partner in New York who will build it all cash, my GC fee I take $25k that I'm putting into the equity stack so we build at cost because they are building all cash and I'm a 35% partner based on deferred GC fee and cash and license as an agent to push the distribution higher.

I am an Alpharetta native, a RE broker, and founder of Hopewell Handyman, based in Alpharetta.

The 5 year proforma by DEFINITION is based on a whole slew of assumptions about a whole host of issues in the future - national economy, local economy, interest rates, cap rates, rental rates, political and geo-political factors.

If you like a market, just get a base hit deal there and start spending time at the property getting to know the house, the market, and local vendors.

On the other hand, I invested in other areas, Humboldt Park, Pilsen, etc. which I thought would appreciate, and did not - or would take much longer to do so.The problem is I have had a hard time being honest with myself, and basing my decisions on wishful thinking, not cold hard facts.