Do I have enough money to start private lending for fix and flips?

[Ivan Castanon]

Hello all!

I am currently reading books and educating myself about private lending. I am interested in jumping in, but I am not sure if I have enough money. I have $110k ready to invest in Florida. I would like to fund a fix and flip deal with a first lien position in Florida. 

Is this reasonable or do I need more money? I know that I should try to stay at 60% - 70% LTV. But is this possible with my current capital? Is this LTV based on ARV or the purchase price?

If I don't have enough for a first position lean, is it even worth it getting second positon liens?

Thank you!

[Jay Hinrichs]

depends on market most of FLA that wont move the needle.

rust belt mid west you can find deals for those amounts.. going to be rougher areas of course.

do NOT follow the advice of anyone suggesting second postions or gap funding. U dont have enough capital for those risks