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Updated over 4 years ago,

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Brenda Nguyen
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Asset-based lending for 1st property flip in Philly?

Brenda Nguyen
Posted

Hey all,

Have you worked with any asset-based lenders who don't put as much emphasis on your personal assets/financial statements in Philadelphia area?  I'm looking for residential hard money lenders who are reliable and have great rates for a residential flip. 

What I'm currently working with: 

  • PROS: Excellent credit, significant tangential real estate experience (I've been a real estate agent for the past 5 years), enough savings for a down payment on a $150,000 property on my own, plus closing costs
  • CONS: No previous direct fix/flip experience, limited amount of personal equity

I'd appreciate any suggestions or even tangential suggestions!

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