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Updated about 4 years ago on . Most recent reply

Stacey D.'s profile image
Stacey D.'s profile image
Stacey D.
  • Flipper/Rehabber
  • from Englewood, NJ
  • Member since Jan 14, 2018
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Stacey D.'s profile image
Stacey D.'s profile image
Stacey D.
  • Flipper/Rehabber
  • from Englewood, NJ
  • Member since Jan 14, 2018
Connect
Stacey D.
  • Flipper/Rehabber
  • Englewood, NJ
0
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8
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Starting Out

Private/Hard Money Lenders NJ

Stacey D.
  • Flipper/Rehabber
  • Englewood, NJ
Posted

Hi! Looking for some insight into the private/hard money lending. We have started an LLC with the primary goal of doing fix and flips. I'm wondering if anyone can share how much cash on hand we should have to get funding. This would be our first flip as a business. Credit scores of 2/3 owners is pretty good and 2/3, one person has a rental property and experience there and two are personal home owners. We will be doing business in New Jersey.

Also if anyone has some insight as to how it would work for auctions that would be great!!

Thanks for any info you can provide!

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