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Updated about 3 years ago on . Most recent reply

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Aleph Kennedy
  • Investor
  • New Orleans, LA
0
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4
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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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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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