Posted by Redline on June 12, 2000 at 20:14:03:
Yes hard money comes with pts and heft interest rates, but you make sure that the deal you’re doing pays for all that AND gives you a nice fat return to boot otherwise it’s obviously no deal.
Just my two cents: Auctions require cash and they’re no place for beginners. It’s going to be extremely difficult (if not impossible) for you to line up hard money people for “maybe” purchases at auctions until you’ve got a relationship with them and you’ve performed in the past. Auctions are not a good starting point for this.