Updated almost 9 years ago on . Most recent reply
Experienced hard money lenders
Hello everyone I am currently looking for my second home to flip. My first one was a success. But now I want to build up relationships with hard money lenders. So my question has anyone used a business plan or some type of format to present to the hard money lender. I really want to be prepared and have everything nice and spiffy so that they trust in me and know that i am going to be a good client to work with. Any tips tricks or advice is very much appreciated thanks guys!
Most Popular Reply
In my experience with HM lenders they've never asked for a business plan or anything of the sort. They want to know what they can get out of me if the deal goes bad. AKA, what is the property worth that they're loaning on and what kind of capital and assets do you have to come after if you blow it. Work on getting good deals and you shouldn't have any problems getting hard money.