Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 6 years ago,
Hard Money loans while still in college?
My partner and I have located a few properties we’re interested in flipping. We’re both in college, and while we both have respectable jobs (by college standards) and strong credit, we’re aware that it’ll be very difficult to find hard money loans in our position. Parental co-signing is possible but not probable.
Has anyone been in a similar position? Taking in HML while still young enough to not have a proven history? What factors convinced them to agree to the loan?
Conversely, for HML and private lenders out there, what factors would cause you to agree to a HML to college students? Would a fantastic deal be enough for you to overlook your lending standard?