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All Forum Posts by: Alex Trinh

Alex Trinh has started 2 posts and replied 3 times.

Post: Issues with hard money loans

Alex TrinhPosted
  • Posts 3
  • Votes 0

sorry for got to mention that. We are in MI. 

Post: Issues with hard money loans

Alex TrinhPosted
  • Posts 3
  • Votes 0

Hey guys, 

My buddy and I are trying to start out fixing and flipping but can't seem to get things going. I was wondering if anyone has any recommendations on lenders. We are looking to do hard money but we keep running into several issues. Almost every lender we've looked at requires us to have an LLC, they also require the use of license contractors. We both have background in construction but neither of us are licensed or expert by any means. Are they're any lenders out there that will work with first timers without being an llc and without being licensed? Or does anyone have any recommendations on how we can't get this started?

Post: Do Hard Money Loans Require a contractor?

Alex TrinhPosted
  • Posts 3
  • Votes 0

Hey Guys,  Looking to get into my first flip and have a question I can't seem to find the answer for.

Anyways my question is do hard money lenders REQUIRE you to use a contract or am I able to get a hard money loan and do all the work myself.  I am not talking about anything requiring permits but everything cosmetic like floors and cabinets and paint, things like that. I would like to do as much of the work if not all of it without having to hire a contractor. 

Thanks