Hard Money Loans and Liquid Assets
Do most hard money lenders require the borrower to have liquid assets available? I am trying to get into real estate flipping and have learned a lot. I am ready to execute but because I don't have a lot of personal money or any liquid assets I'm running into a wall with hard money lenders. The deal(s) make sense but because I don't have money for down payments and reserve assets I can't get any help. Is the only alternative to find a private money lender and hope they don't require as much?