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Updated almost 3 years ago on . Most recent reply

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Dianna ODay
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Hard Money Lenders

Dianna ODay
Posted

Afternoon. New to real estate investing, struggling to find a lender that is willing to work with new investors and does not pull credit (credit is good, I would like to keep it that way). I have heard so many folks say, I have x # of flips, deals etc. and have never had my credit pulled. Any info is appreciated. thank you!!

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Chris Seveney
  • Investor
  • Virginia
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied
Quote from @Dianna ODay:

Afternoon. New to real estate investing, struggling to find a lender that is willing to work with new investors and does not pull credit (credit is good, I would like to keep it that way). I have heard so many folks say, I have x # of flips, deals etc. and have never had my credit pulled. Any info is appreciated. thank you!!


 Those that say they never had credit pulled also go fishing with Bigfoot and have dinner with aliens. They can say it, but just because someone says something does not mean its true.

If you are new and want to get a HML you need two things:

Atleast 25% down payment and good credit.

Private lender magazine just published their statistics, and less than 25% of all fix and flip loans today are given with less than 25% down. So it can be found, but it will not be easy to find. 

  • Chris Seveney
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7e investments
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