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Updated over 10 years ago,
Newbie in Arlington, TX
Hi everyone,
I started as an accidental landlord and now own two rentals in the Fort Worth/Arlington area. I'm looking for more active income and want to flip my first house, but I'm concerned about financing with hard money. I have enough cash flow to cover carrying costs and utilities, but no cash for down payment or rehab.
Is it really as easy as they say it is to fund a flip with hard money? Should I be looking for a deal first, or should I reach out to a hard money lender prior to finding the deal?
Thanks for the guidance,
David Gillilan