I just tell them we use a hard money loan, no one has ever complained about that, they just want someone to pay for the house.

Hardly increased my cost (maybe like 3k between rents and security deposits) but it wasn't an out of pocket expense...

Hard to say by your descriptions.This business is littered with beginners, and people who never grew big but like to talk a big game.

My advice to you would be to put the hard money lender to one side (he isn't going to go anywhere and will more than likely be even keener to help you once he sees who successful you're going to become) and take the next 18 months to (1) Find yourself a job in finance, and (2) Find yourself a nice 4-plex to purchase/house-hack via an FHA loan. 

Its easy to lose track of how much one SHOULD have in the bank because its hard to leave money sitting and not working for you.I understand there are many variables such as age of house, age of roof, age of furnace, etc. 

Hey guys who has some good hard money lender suggestions im going to jump in and do my first flip using hard money wish I had a cheaper way but im confident I can pull it off

Closing on a property in Wilmington DE soon. Purchase price 45000 and rehab is 50000. My closing costs are 26000. This seems really high to meXCan this amount increase after closing? $81,304.75 NO NO NO12% $836.31Does...

But it could also be an 8% private money loan with any range of terms, or a 12% hard money loan with full balance due in a year (sell or refi before that basically).

However, living in the Bay Area where prices are substantially high, it’s hard to find a deal.

Currently, my market here in Kansas City, MO is one that doesn't make a whole lot of sense to use hard money or private capital for residential long term buy and holds.