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Updated almost 6 years ago on . Most recent reply

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Jared Garza
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How to get hard money lender?

Jared Garza
Posted

I have realized I can make the deal I currently have into a much bigger profit if I were to (instead of wholesale) buy it myself and list it for a great retail price. 

The issue is, I’m a complete newbie with no credit and all I have is a great deal on this property.

I’ve heard of private and hard money lenders.

The property is 65,000. I can easily turn around and sell for 95,000-105,000 fast. 

What’s the best way for me to get a loan, if at all possible? 

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,033
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42,779
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

you can get a HML with no experience but you will need a good amount of cash for down payment etc.

if you have limited cash and no expeirnce.. your going to waste time.

getting a partner with cash .. as this is a very low amount of money .. this should be simple.. split profits and build up your experience bucket so that U can then do deals on Ur own.

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JLH Capital Partners

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