Posted by Jim Kennedy - Houston, TX on February 17, 2002 at 12:45:49:
I noticed that your post hasn’t received any responses, yet. Perhaps that’s because your question is somewhat cryptic. Are you asking if you should become a hard money lender? Or are you asking if you should use hard money to fund a deal, some deals, or all your deals?
Hard money is good for short term funding, i.e. buying and rehabbing a junker that you intend to either refi and keep as a rental or cash out by selling to a retail owner occupant.
If you clarify exactly what you’re trying to ask, perhaps you’ll get some additional input.
Hope this helps.
Best of Success!!