Fixing and flipping for the first time!

[Francisco Ramirez]

Hey guys, I’ve been a real estate agent for a year now! I know the game and the market pretty well. I’m trying to venture into investing to make more profit. I have a hard money lender set up ready to get pre approved. Problem is I don’t have enough down payment. Property is offered at 330k and they want 15% down. How do I go about getting a loan or a private lender to help with the down payment? I can’t do business loan or personal loan because not enough experience or time with my business account. Min is 2 years. Not enough net either. I haven’t been able to find a private lender either. Any advice on how to come up with the down? Thanks guys!

[Odie Ayaga]

Your best bet would be to partner with someone experienced and split the profits with them. I generally don't think it a good idea for a new investor with no personal liquidity to take an inexperienced private lender's money for their first project. Think about it this way: what are you offering your private lender? How would you sell yourself to them?