Updated almost 9 years ago on . Most recent reply
Financing for first time flip.
In the past few months, I have ran the numbers on some good rehab deals, But when I approach a hard money lender the only qualification I am missing is the answer to the big question "how many deals have you completed?" well, none. So I am told to return after I have 1 deal under my belt and we will work with you then. Even "Realty Shares" advertising on this site has this requirement according to the conversation I had yesterday with one of their reps.
So, my question is how does a (new to rehab) investor go about financing a deal with a requirement like that?