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Updated almost 5 years ago on . Most recent reply

Finding Lender for First Flip
First of all, HELLO! This is my first post. AND ANY ADVICE WILL DO! I have been trying to get into real estate for years now. I’ve read books, watched shows, and attended seminars. At this point, I’m ready to get started. But, I am literally stumped. Can anyone offer any advice or guidance on how I can secure financing for my first deal? I do not have a substantial amount of cash for fund repairs or a large down payment. I would love to partner with other investors in the area but I do not know any. Is there a way I can potentially find them? From my research, it seems as if a hard money loan would be the best route for me to take. I am in the Northwest Indiana area and plan on this being my farming area. I would like to start off with a decent size single family home that could generate a quick flip giving me some experience and generate a good profit. Does anyone know any lenders that will lend to a first time flipper? This is something I’m passionate about, I don’t want to jump into anything and screw myself but I’m ready to get started. Thanks for all of your help you all, as you can see I really can use it! Please give me any advice you can, I am a novice.
Most Popular Reply

@Ray J. Definitely looking for a partner of a mentor. Let me know if you know anyone in the area I’d be happy to connect.