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Updated over 6 years ago,

User Stats

21
Posts
8
Votes
Bj Ayoleke
  • New York, NY
8
Votes |
21
Posts

So much analyzing...i think im ready. Now what?

Bj Ayoleke
  • New York, NY
Posted

Hello all,

I have watched webinars and analyzed a lot of properties. I found a 2 properties(Duplex and 4plex) that could be potential first deal. Now i feel stuck as far as the next step. 

I feel like it should be finding a hard money lender, but what does a hard money lender require from me? What are their qualifications to get a loan from them?

Im looking in Georgia right now, so i would love some advice on what to do once you have conquered analysis paralysis. 

Both properties are under 100K and i have roughly 15K in cash and another 10K credit cards available.  I figured i could use for the credit card to assist in rehab in addition to what a hard money lender would require. Is this a right step?

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