Is it worth using a hard money lender

Rehabbing, Fix and Flip, Rental Properties
1

i am interested in flipping my first prop. but, i am having trouble with financing. Is it worth using a hard money lender to buy and flip first prop?.. and if so, can i get money for the purchase and rehabbing of property?

                                                     6yr newbie,
                                                     rheebaby
2

Hello Newbie,

A HML can come in very useful very transactions that need to be handled quickly or when financing may be an issue.

HML typically are very flexible to work with. Most will lend up to 100% of the purchase + fix if within 65-70% of the after repaired value.

Why is that you are having problems with the financing? If you would prefer to discuss privately, please send me an email.