I was under the impression that hard money was in fact liquid capital and cash.

If they are financeable, are you liquid enough to buy them with a 20% conventional loan and then maybe pull a line of credit under your current home to use for the renovations?  

This will mitigate the risk of rising rates while still providing you liquidity on amounts repaid and  you save on the closing costs. 

I’m expecting a liquidity event and I’m considering where and how to invest next.

@Anthony Dooley seems like it'd be easy to liquidate anything that became too problematic by just dropping it on Craigslist with "owner financing available" on there.

But it’s 100% liquid so if you save more you can always sell publicly traded REIT shares and invest your (larger) capital down the road.

Alternatively, the bank might allow you to substitute a guarantor with a lien on a stock portfolio or other liquid asset.Best of luck to you!

New investor dumb question - I am about to pull the trigger on my first SFH turnkey, but want to ask the question on the plank...other than liquidity and convincing traditional investing family and friends who don’t invest in real eatate - why not do it?

I’m liquid at under 10k right now.

The deposit is not supposed to be indicative of the deal size, but the fair liquidated damages in the event that the deal goes south.