Want to get more of your questions answered about starting your first flip or building your flipping business?

Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.

Hi, good afternoon my name is Cesar i’m new to the biggerpocket forums, I’ve been reading the book rental property investing by Brandon Turner that’s how I found out about the forum. At the moment we are renting in Mi...

Your LTV seems impossible given you did not start with much equity and there was not enough time to build equity.  

Our lease indicates each tenant has to provide for the quiet enjoyment of all other tenants, as well as those living in neighboring buildings or houses.

Purchase price: $93,750 Cash invested: $70,312 Purchased 2-1/2 acres of raw land with the hope of one day building a home on it.

My last W2 we were doing a $400M loan refinance on a $1B+ portfolio of buildings and the loan still had recource on it.  

Your experience with project management and relationship building will be invaluable in real estate, whether you’re interested in development, investing, or property management.Your entrepreneurial mindset and eagerness to learn are excellent foundations for diving into real estate.

This ongoing relationship can be invaluable for investors looking to scale their operations and build a successful real estate portfolio.In conclusion, a good private money broker acts as a vital partner for real estate investors, providing tailored financing solutions, expert guidance, and ongoing support.

I know on my new builds since we cant put the BAC on the listing the brokers bringing in Buyers just pop in what they want to make and well its more than I am willing to pay when I have to build the house for them and meet with them time and again.