If I have good credit, should I get my funding thru a hard money lender or a bank?

[Arsh M.]

Hi everyone,

I'm interested in doing my first fix and flip, and was curious what the best source of financing would be given my personal circumstances. 

Now I don't have consistent income, but I do have a 750+ credit score. I imagine given the lack of income, my best bet would still be working with a local hard money lender?

Any recommendations?

[Michael Dumler]

@Arsh M., you'd be correct. Conventional lenders prefer borrowers who have consistent income and a property that is turnkey or needs minimal work. A hard money option is your best bet. I'd recommend attending your local REIA to see who other flippers are working with.