hey, hows it going i want to get into rei and want to try and flip my first house sometime within the next 1.5 years. so i’m trying to learn as much as i can between now and when i decide to try it. i was looking at some websites of hardmoney lenders and was wondering. what is “PAR pricing - (this includes broker and processing fees).”
generally who pays for the closing costs, is that figured into hm loan or does flipper have to pay out of pocket?
is it common for the hml to pay for renovations? and if yes when do you get the money for the materials & labor?
for a first time flipper, is hml a good way to go or not?
If anyone, hopefully somone with experience, can answer these questions, i’d really appreciate it, thanks.