Revealing Interview with my Hard Money Lender!

👀 Learn how to find deals in 2025!

Have you ever wanted to use a hard money loan but didn’t know where to start? In today’s real estate investing for beginners video, I’ll share how I used a hard money loan for first renovation project, how I continue to rehab projects with hard money, how to get a lender to loan you money for a house flip, and much more.

*I MEANT 519% ROI NOT $519,000*

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[atomgonuclear]

Skip the %40 to Uncle Sam. Take that money and roll into a 1031 like exchange and defer those taxes. Put it into the next property or cash out refinance and pay zero in taxes. Roll it into the next property and rent

[shericebsperspective]

I hope Lili realizes the value of the information she's giving us! Talk about gem's 💎!!! Man I feel rich!!!! Thanks Lili!!! Much more success to you! 💯

[ajanelson]

Lili you have no idea how helpful you are! Getting nervous about dealing with hard $ lenders and making an offer on 1st investment property! Can't wait to watch more of your videos!! Girl 💪

[oneordinarycitizen]

If you think hard money is expensive . . . . I just paid $4, 000 up front fees, appraisal, origination, and so forth, for a $56, 000 equity loan. It was a 15 year fixed at 3.25% but it took 40 days to close. I have plenty of income and a good credit rating. There are always costs associated with borrowing.

[robertthomas]

Finally got a seller that agreed with deal and got a buyer. Sent pof and got the contract from realtor. Thanks Lili 👍👍 hopefully everything goes smoothly

[suzanneladue]

There's such value in this. I pray for my daughter to meet motivated people like you

[nunovurbiznis]

I couldn’t keep my eyes off Jacks hair! 😂 it moves!

[bmaclaps]

Great video Lili. Hard money loans are a great way for first timers. They are almost the only way to get a loan for people who don't have great credit or proof of income when starting out. How do they lend money that way? Well the contract basically states if you default on the loan they take the property form you. Also fix and flip loans are done as a commercial loan which is different from your traditional 15-30 year mortgage loans. To give an example of a hard money lender I use in my area they have 3 tiered options. 1st is 10% down at 11.5% interest with 2.5 points on the origination fee, 2nd is full purchase price lending at 11.5% with 3.5 points origination fee, 3rd is full purchase price lending plus the rehab funds at 11.5% with 4.5 points origination fee. And all 3 of these loans have a flat rate of $850.00 for document fees. Keep in mind these are fix and flip loans only. Hope this helps someone looking to make the leap to get started!

[ENTREPRE-MOMMY]

I use Longhorn Investment out of Texas, and I'm in Alabama. They lend 75% of Arv, which doesn't require me to come out of pocket too much. They turn around in 3-5 business days. I love them. But please be sure to vet your lenders. Some are scammers and some charge crazy junk fees, others will mess up your closing over craziness. I had this happen a couple of times when I used this company out of Detroit from bigger pockets.

Lili, I emailed you in regards to promo. Did you get it? I know you've probably been busy. It's the one from Fab Foundations

[alialzubaidi]

you are the greatest person who explained it amazingly. Thank you!

[BlkBeauty]

This was so helpful. Thank you so much!I am currently in the process of closing my first hard money deal, we are approved! This video actually help me understand why this does not feel as emotional as I thought it would be which was scaring me. Now, I understand!

[maximizedmoney]

The breakdown of the associated fees is so helpful! I spoke with a few HMLs on my area so I will try to run the numbers on a potential (BRRRR) deal I found. I’m all about equity and buy and holds! Thank you!

[bfree_]

This was the most informative video of hard money lending I have found to date. Your presentation and breakdown were excellent. I appreciate you!

[marilyngholston]

No money for down payment. I guess wholesaling is my option for now. Thanks for the info.

[jalabi]

Another banger of a video which will help people get over the hump of approaching a hard money lender. Thanks Lili!

[scottwalker]

Love these videos! Super helpful! I've purchased 40+ homes and I still learn something with each video. THANKS

[pwc-doctorznostradamus]

This is a good video. They lender will never lend if it wasnt a good deal. So thats how you know. You really have to know what your doing with hard money!

[royalpriesthood]

Excellent breakdown of the different lenders and process.
I’m ready now! Thanks a million Lili!💎💎💎

[xxSKEEeSKEExx]

FYI - I think your calculation was wrong when you mentioned at subtract the HML fees or $6300 and the Holding Fees of $1500 should be around $92, 200 and not $98, 500. Time at 12:42

[amyfrostcreative]

Thank you so much for this info! I’ve been so scared of using a hard money lender but this is definitely helping me to get over that. 😊❤️