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Updated over 13 years ago on . Most recent reply

User Stats

87
Posts
14
Votes
Philip Bourdon
  • Pittsburgh, PA
14
Votes |
87
Posts

The Need for Success Track Record for HML/Private Money?

Philip Bourdon
  • Pittsburgh, PA
Posted

I will have between 80-90K available and hope to buy houses under 40K here in W PA that have moderate repairs needed. I don't wish to fund it all. My only experience with rehab and hard money was 4 years ago and lets' just say it was a painful learning experience; bad choice of home, bad tenant, etc.

I would "flip" the home to a owner occupied. Are lenders going to want to see a success track record or is it still the deal that enables the loan?

Thanks,

Philip

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