Are hard money loans ok?

A real estate rehab project is in the works and I need funding ASAP as I have a property under contract with earnest money on the line with a closing date at the end of the month. The purchase price is $75k with repairs amounting to $15k. Projected monthly income from rent is $900 to $1.2k monthly. Are hard money loans a good idea? by draper638 from Fraser, Colorado. Mar 18th 2022 Reply