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Updated over 7 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Conner Johnson
  • Charleston, SC
1
Votes |
6
Posts

Using a hard money lender for BRRRR

Conner Johnson
  • Charleston, SC
Posted
Hey everyone, My name is Conner and I am looking to get into my first real estate deal using the BRRRR method. I found a property that is at auction in my area that is in a great location and I'm looking to use a hard money lender to buy the property, and use money that I have saved up to renovate it. The problem is that I currently don't have any credit history, however I also don't carry any debt whatsoever. So to start will hard money lenders lend to someone without any credit? And will this also make it difficult to refinance the property when I am finished rehabbing and have placed tenants? Thank you so much the advice any of you are willing to share. I'm very excited about starting my career as a real estate investor and figures what better move could I make for gaining advice than by making my first post on the bigger pockets forums!

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