Hard Money Question
Hello all,
My wife and I are going to start our investing adventure here in the near future. I have been studying, and doing my research trying to lay a good foundation for us. I have our 5 yr plan outlined and I am currently researching business plans so I can put together a comprehensive one. We are at the point where, we are never going to know until we try it.
We are going to fix & flip using hard money to start out and work our way into more passive investing. Anyway, my question to you guys/gals is....Do we stand a chance of getting a HM loan with no deals under our belt? This is assuming we have a great deal and all the numbers make sense. We do have some money in the bank, so we do have a little bit of skin. We would appreciate any thoughts or advice.
Thanks
-Jason