I bought it with my mentor and partner who has experience in renovation and hard money financing Congrats!

You still need some money to cover part of the rehab until you get your first draw, and if you're a brand new investor you might not qualify for 100% LTC on your first deal, but if you can partner with someone with experience on their track record or can prove significant past contractor experience then we might go that high on your first deal. 

One thing I am doing this year in line with buying real estate without my own money is I am partnering with money partners on deals.

Unless you can find a PML or a partner who has the downpayment ready to go.

Would definitely recommend finding a partner who can help walk you through this if you decide to move ahead. 

My partner and I have ~20 doors in Columbus OH, and we are interested to expand our portfolio to Cleveland, including around Lorain and Euclid.

I am the boots on the ground and provide all of the time and my partners supply the money.

We are a small partnership with 4-5 properties currently, but we are growing and hoping to find a reliable lending partner that we can do repeat business with.About 3 months ago, we successfully completed a BRRRR deal where we had excellent numbers, over a 1.25 ratio at 75% LTV, our guarantor partner has an 800+ credit score, and we had no issues qualifying for the loan.

My partner is a builder in the LA area, so if anyone is interested in taking advantage of SB-9 to build additional units on their property, feel free to reach out anytimeSounds great, Alan!

As General Partners (GPs), we juggle a lot—talking with vendors, negotiating with buyers and sellers, and ensuring the deal stays on track.