Has anyone been on the lender side of private money and had a bad experience that they are willing to share?

@Max Bellino For smaller properties like your 2–4 unit multifamily buildings, an online cost segregation study is a quicker and more cost-effective option, providing sufficient accuracy for straightforward properties.

Each market, each submarket and each mall will dictate the use of this space.I don't think online shopping, per se, is killing malls.  

Quote from @Timothy Frazier: Is it a bad idea to use a hard money loan as a downpayment for a turnkey property?

(saving the money to have your own deal is the worst idea)

Does Hard Money typically cost 30-40% of the purchase price?? 

Also, I’m pretty new to this but I’m assuming you’d have to have an LLC in place to accept hard money or money from private lenders? 

I suggest you enter private money goldmine in search botton at top right of the screen and read the previous posts....here is one that gives good perspective as well as a link to legitimate private lenders.http://www.biggerpockets.com/forums/92/topics/1488...

I would focus on saving enough money that if I had a deal go bad, then that money I saved was there to cover it. 

Top 25 "hard money" lenders (Philadelphia loans only) by volume.1.