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Updated over 1 year ago on . Most recent reply

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Dusty Bornefeld
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Hard Money Lenders?

Dusty Bornefeld
Posted

Hello everyone! A little background on my situation before I get to the important stuff. I just started an LLC for flipping houses a few months ago and have retained 60k in business/ personal credit cards (0% interest for 18 months don't judge me) and a 20k HELOC. My credit is still good after the pulls. My business partner and I have made door hangers but have not had any luck yet. I believe the next option is to seek out a hard money lender. If anyone has used any recently, all information would be greatly appreciated!

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Andrew Freed
  • Investor
  • Worcester, MA
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Andrew Freed
  • Investor
  • Worcester, MA
Replied

@Dusty Bornefeld - Kerry had some great advice! I'd like to add, I'd recommend you finding local investors in your market doing what you want to do and asking for connections to vendors and lenders. From my experience, the best vendors tend to be the companies that successful investors continue to do business with day in and out. I value a referral from a successful investor far more than simply meeting someone who is trying to sell me on their services. I've gotten some amazing connections through investor referrals, honestly my best lenders and contractors have come from this source. 

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