Hello, I am in the process of securing my first hard money loan. The deal involves buying an existing single-family house for $700k that conveys with a vacant lot. The vacant lot, if buildable, is worth about $150k. ...

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3. would it help to tap into the equity as an LLC versus individual if your credit is not great?

Any insight would be helpful

Then the PMC can accompany the buyer/inspector/appraiser to view the property - as long as the owner is somehow compensating them for their time.

If I were you, I'd focus on commecial assets (5+ unit multifamily) and possibly partner or JV with someone who is stronger on paper to outweigh some of your weaknesses.If you were targeting residential properties, you can also get a co-signer who can help get you over some of the barriers you face.

If you have any specific questions feel free to reach out I enjoy helping and talking REI!

Join a community - I am part of 3 communities - they help you grow & are there when you need something.

@Steve Hodgdon really appreciate the help.

This is super helpful thank you!