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Updated over 7 years ago,
New Investor - Hard Money Questions
Hi everyone,
I am a new investor from the NYC area and I'm focusing on flipping in Long Island for now with plans on branching out into Westchester, Brooklyn, Queens and eventually buy & holds out of state. I've been listening to Bigger Pockets for the last 6 months and I am a huge fan because it's been very motivating. I've been trying to get started for a while now (I created my LLC back in 2015) so I'm finally ready to dive in.
I've been working on lining up some financing and I've been looking into Hard Money lenders for my first flip. Has anyone worked with Patch of Land? They are lower on points but it's based on my credit. I don't mind running my credit but I would like the loan to be under my LLC. Will the loan show up on my credit no matter what?
Any advice, feedback or suggestions of other lenders would be much appreciated.
Thanks.
-Maritza