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Updated about 7 years ago on . Most recent reply

User Stats

11
Posts
2
Votes
Conrad D.
  • Flipper/Rehabber
  • Souderton, PA
2
Votes |
11
Posts

Looking for suggestions on hard money in Philadelphia suburbs.

Conrad D.
  • Flipper/Rehabber
  • Souderton, PA
Posted

Hello every one. I am on bigger pockets almost daily reading the forums and listening to podcasts. So, I figured today I’d jump in with my question in hopes of finding a solution.

A house I really like has come onto the market and I’m looking for suggestions on how I can actually buy it. I’d like to buy it for 67k and after a 30k rehab I’m confident I could sell it for 155k. 

Is there any hard money lenders in the philly suburbs people would recommend? I have worked in remodeling for 10 years, but do not have a flipping track record to show them. Slim chance of finding  a hard money loan of 97k before the place sells? thanks for reading!

Most Popular Reply

User Stats

125
Posts
37
Votes
Anthony Palmiotto
  • Hard Money Lender
  • Sea Girt, NJ
37
Votes |
125
Posts
Anthony Palmiotto
  • Hard Money Lender
  • Sea Girt, NJ
Replied

Hi Conrad, you will find that only certain lenders will work with smaller loan amounts as you detail above. That, along with the fact that you are newer, means you need to find a lender who is comfortable with your market and your situation. Please feel free to reach out to me if you have any other questions relating to flips in Philly or HML in general. Best of luck!

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