Hard money loans

[Ty Clemmons]

I recently flipped my first property and it was a cash purchase. I want to start flipping houses with hard money loans. I want to get tips on the steps to obtain a hard money loan.

[Jay Hinrichs]

Quote from @Kelsey VanSleen:

Quote from @Ekaterina Lansky:

Text me, there is a new platform to connect with hard loan lenders that offer very competitive rates!

That would be great! Can you provide the hard money lenders platform here so all can benefit?

the simple reply to your question is they do not exist except for very experienced repeat clients. someone with no experience or very limited experience is not going to get a true no money down HML.. BE VERY CAREFUL of fake lenders they are rampant in this industry they will tell you what you want to hear and they are very good at it.. they will then suck up front money out of you.. NEVER send up front money to any lender that you met on the internet.. the only money you should pay for is a 3rd party appraisal and your check should go straight to the appraiser. If there are fee's due up front then they have to go to Escrow to be held and only dispersed upon a successful settlement..

the way to start with limited funds is to find a partner that is close to you or you find at a local meet up that will be your cash partner.. for context.. Google Ingrid Robinson and the American greed episode on Remington financial this will show you the scams these fake lenders use.