Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 11 months ago on . Most recent reply

User Stats

28
Posts
8
Votes
Mathew Fuentes
  • Investor
  • Bridgeport ct
8
Votes |
28
Posts

Looking for a Hard money lender for a newbie investor

Mathew Fuentes
  • Investor
  • Bridgeport ct
Posted

Hey everyone . I have a question

so im looking to do a BRRRR in philadelphia pa. I got a house under contract and I'm looking for a hard money lender. I want to use my heloc for the down payment , closing costs and the rehab. And I have a 700+ credit score. I'm a newbie with very little experience in rehabs. I have a Duplex I'm house hacking and I've done a ton of work on it. I've also joined mentorshipsto get me alot more knowledge. So I'm ready to go in my opinion


So the home purchase price was 58k. The rehab is about 110k( +10%) totoal.  Arv is anout 250k. I'm converting a single family to a 2 unit since its zoned for multi family use.

Im having a bit of trouble to find a lender because of my experience. Can anyone point me in the direction of a HML who may be able to help ? Any response to this is helpful.

thanks 

Loading replies...