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Updated over 3 years ago on . Most recent reply

Aleph Kennedy's profile image
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Aleph Kennedy
  • Investor
  • from New Orleans, LA
  • Member since Apr 10, 2017
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Aleph Kennedy's profile image
Aleph Kennedy's profile image
Aleph Kennedy
  • Investor
  • from New Orleans, LA
  • Member since Apr 10, 2017
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Aleph Kennedy
  • Investor
  • New Orleans, LA
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Rehabbing & House Flipping

Obstacle: finding a lender for first time fix & flip / Brrr

Aleph Kennedy
  • Investor
  • New Orleans, LA
Posted

Hello Everyone!

I need advice on finding Hard Lenders that loan to a first time rehabber. What paths do I take when lenders require me to have at least 1 flip or Brrr under my belt before they lend to me?


I heard about bringing an experienced investor on board. If that's the only case - how so I split profits?

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Jonathan Julian's profile image
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Jonathan Julian
  • Member since May 5, 2021
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Jonathan Julian
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Jonathan Julian
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Jonathan Julian
Replied

There are plenty of lenders that don't require experience.  We just completed our first.  The lenders were more curious of our numbers than anything else.  You may just pay a slightly higher rate. 

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