Hard Money Lenders in NJ???

[Ashley A Merk]

Hello everyone! For the past three years, I’ve been wanting to flip a house. I built up my credit, finished my Bachelor’s degree, researched the house flipping process, learned more about home decor, studied my local real estate market, and most recently, completed my state mandated hours for my real estate license.

My only issue right now is I do not have the financing to fund my first property. I was thinking of taking out a hard money loan, but I am completely unfamiliar with them. Do I need to have income or can I strictly be working on the flip? What’s the credit score requirements? Any money down required and if so, how much? Can I do it as a first time flipper? Will I receive enough for the purchase price and the rehab? Who are some reputable hard money lenders?