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Updated over 4 years ago,
New investor lending options during COVID
I’m a new investor from AZ seeking deals in the Indianapolis area. In speaking with an Indy private bank, they are cutting off “fix/flip” loans for any investors with less than 3 deals. Wondering if others are hearing the same? Any private lenders (banks) out there willing to lend to first time investors to cover rehab costs? I’m not opposed to private money, but would like to explore the banking option first, if possible.