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Updated almost 10 years ago on . Most recent reply
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Hard Money Loan for First Project
I am interested in rehabbing properties as a way to save money to buy and hold properties. I am very green, however I have General Contractors in my family who are willing to help on the project, What would be the process to acquire a hard money loan so that I can get my first project going? I am a Real Estate Agent and I see a number of properties on the MLS that would be great starter properties. Any experiences and/ or advice in relation to hard money loans and getting started in real estate investing would be appreciated, Thanks!!
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@Quinten Jones Hard Money is pretty easy to come by. There are many online and guaranteed there are many at your local REIA. They base it almost fully on the property itself so you just need to make sure you buy right and have everything lined up so you can get the job done and refi out after. Good luck!