New to Investing. Looking for a lender to partner with. Leaning towards hard money.

[Peter Vercellin]

Will DSCR lenders work with newbies? I don't have a single deal done yet. I've reached out to a few who need an experienced contractor to co-sign. Is this normal? It makes me think maybe private money to start?? Not sure.
Any advice is appreciated.

P

[Chris Seveney]

Quote from @Peter Vercellin:

Will DSCR lenders work with newbies? I don't have a single deal done yet. I've reached out to a few who need an experienced contractor to co-sign. Is this normal? It makes me think maybe private money to start?? Not sure.
Any advice is appreciated.

P

Yes a DSCR will work with a newbie. But a DSCR is a loan where the property is already renovated and ready to be leased or is leased. If you are using a contractor then its a fix and flip loan, there are a few out there who work with newbies but most want to see some type of track record.