If you’re self-funding your real estate investments, that’s great! You definitely don’t need a hard money lender, but having a good one in your digital rolodex certainly doesn’t hurt. If you plan on continuing to make real estate investments, having a relationship with a good hard money lender is likely to improve your bottom line in many ways.
For starters, having a hard money lender can allow you engage in multiple deals at the same time without tying up all your liquid assets, allowing you to quickly take advantage of favorable opportunities when you come across them. Furthermore, experienced hard money lenders know how to make almost any deal work, so you’ll never have to worry about your deal falling through due to an oversight.
In fact, hard money lenders are even useful after closing, because they just might be the source that leads you to your next lucrative investment!