Lenders will still require a personal guarantee since it is a full recourse loan.

Your financial position is strong, and leveraging financing for your next rental while maintaining a conservative debt-to-income ratio is a smart approach—consider consulting a lender to explore options that align with your goals and keep your investments sustainable.

Then if/when another good deal comes up, you can approach a lender and look at leveraging either of the properties in order to fund the down payment of the new property.

.## Financing OptionsFor Hard Money and Private Lender financing, it's crucial to build relationships with local lenders.

As a commercial broker they are working with the seller the buyer, lawyers and the lender to name a few.

But ultimately the responsibility lies in my hands.I jumped on a seesaw of risk hoping that the momentum would catapult my bank account into six figures only to find out the hard way that flipping houses isn’t as easy as I had predicted.This house was purchased for $64,000 with an expected rehab of $100k to $120k depending on how much work the dilapidated and neglected house needed.The midwest is lovely but the houses carry the weight of weather storms nearly a century old leading to more damage than a beginning investor could expect.The appraisal came in at $225k for my lender meaning our all-in cost would be around 85% of the sales price worst case.

Hi Jerry, BP and local Facebook groups are a great resource for meeting local agents, investors, and lenders who can provide some solid insight into the markets you're interested in.

BFS FINANCIAL SOLUTIONS is posing as a lender, or they legit.??

BFS FINANCIAL SOLUTIONS is posing as a lender, or they legit.??

I would get the same deal if I did another with the same lender.