Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 about 1 year 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...