Finding funding for my first flip!!!

[Jesse Woodall]

I want to get into flipping houses and I'm looking to start in 2021. I'm pretty sure any conventional bank loans will not work as I don't plan on living in the homes. I've reached out to a hard money lender here recently because I want to know I can find funding before I find a deal but I haven't heard back from them yet. I really need some advice or suggestions on what I can do to get going.

[Canesha Edwards]

@Jesse Woodall

Hey Jesse-

The best advice I have is to talk to multiple lenders in your area and some that aren’t. Ask for term sheets, and about their current lending appetite. As with anything in real estate, it’s about building relationships. Make a list of Hard money lenders and start calling around.

I wouldn’t wait to find a property until I find a lender. You should be doing both. good deals always get funded so don’t stress.

Hope this helps.

Canesha