Hard money for fix and flip

[Brandon Dionglay]

Hello all!! This is my first post on here and excited to share my real estate investing journey with the best partner in the world, my wife.. we are looking into buying our first investment property via hard money. We have cash in available however I'm seeing that when applying for a HML you need proof of liquidity. My question, if it came down to it, will home equity suffice? Looking forward to the knowledge that you vets can provide!!

[Matthew Shafrazian]

Hi Brandon,

Most hard money lenders will want to see at least 6-9 months of reserves in your bank accounts. Equity in your home won’t cut it. Excited for the start of your journey, if you got any questions feel free to message me.