Hello All! I am new here and have a question regarding rehabs/flipping. Is using a Hard Money Lender a better option than using traditional financing?? My goal is to only hold onto the property for 60 - 90 days (including rehab). I understand that it may not sell within those 90 days and I may have to hold onto it longer. I have also formed an S-Corp for these investments. Thanks
Traditional Financing will save you alot of money. Lower closing cost, lower interest rate Do you have money set aside for the rapairs?
For me, it depends on each particular property. If I am able to purchase the property at a steep discount, say 50% of ARV then I would go with the hard money simply because I can do it with no money down. If more around 70% I use traditional. Traditional will save you money but it also requires tying up capital. It also depends how much capital you have to work with. If a large amount, go with traditional. Hope this helps.
Mark 
Go HM for speed and lower credit scores.
RyanRehabber- Yes, I do have cash / credit that I will use to finance my repairs.
MarkMCG - Thanks for the advice, your guidelines gave me another perspective that I did not think about.
GenerateCashFlow - Thanks. I am leaning to HM if I am in a “pinch” and need to close fast.