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Updated about 5 years ago,
Newbie - No Money Down
I am interested in buying and flipping a house in the Philadelphia area. I don’t have to cash to do this with my own money so I have been thinking about hard money lenders. Ultimately, I’d like to house hack but quite frankly I do not like Philadelphia and don’t plan to be here for much longer.
For now, I’d like to get my feet wet by flipping. I would like to profit from this experience of course. Is it a bad idea for a newbie to go with a hard money lender? Also, what’s the best way to find a good contractor as this seems like the most important piece of the process.