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Updated 7 months ago,

User Stats

47
Posts
12
Votes
Connor Kline
Pro Member
  • Real Estate Agent
  • East Texas
12
Votes |
47
Posts

Best Hard Money Lenders For First Flip

Connor Kline
Pro Member
  • Real Estate Agent
  • East Texas
Posted

I am looking to purchase my first flip. I am currently negotiating with the sellers. I have been in contact with a few lenders, and hard money lenders. I am curious to know if anybody has a good lender they would recommend for a first time investor? The deal I am currently looking at is purchase price between 50k-60k. Rehab between 75k-90k. ARV 205k. The goal is to flip it, but alternative exit strategy would be to refi into long term hold.

Ideally the lender I am looking for needs to work with first time investor, and also okay with the amount of rehab needed. (a couple lenders have told me it is to big of a rehab for a first time investor).

I have 25k in reserves, and need a lender that is okay with that. 

Any advice would also be appreciated!

  • Connor Kline
  • Loading replies...