Looking for help in Dallas, Texas - Posted by Derrick

Posted by Jim Kennedy - Houston, TX on February 17, 2002 at 12:45:49:

Derrick,

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!!

Jim Kennedy,
Houston, TX

Looking for help in Dallas, Texas - Posted by Derrick

Posted by Derrick on February 14, 2002 at 14:42:13:

Is hard money lending the way to go.