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Updated over 6 years ago on . Most recent reply
Hard Money Loan without 2-3 past project qualification?
I have read about fix and flip hard money loans and how to qualify for them but I am not understanding what you do when you have zero past experience and how you get those 2-3 under your belt so you can get approved for this specific loan? I am mainly interested in investing buy and hold but would like to look into flipping a couple. Thank you
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The experience is not a firm requirement, you will need to show that a specific property works well and you may have less favorable terms until you show experience, but it is by no means a closed door.