Need advice financing rental

[Eric Lawson]

I’m looking to invest in the Baltimore metro area in fix and flips as well as rentals I’ve had trouble finding funding, partner, etc. So I decided to use a Hard Money lender the Hard money lender requires a minimum of $15,000 in assets (which I have) I get a call today from my lender where they preapproved me for 45,000(but their loan min is 50k) but they would like to see more than originally request in assets .

Baltimore is very easy to find properties under $50,000 but a challenge to find them for that price and be able to renovate and make a profit.

I questioning if that’s all a hard money lender is will to offer me should I just apply for a unsecured loan for 50k and purchase as a cash buyer and have a total of 65k to work with or just save more over a couple of months?

It’s time to put all my education I’ve learned about real estate to good use, but what’s stopping me is what I assume turn off a lot of people and that’s funding..HELP!!!