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William Carr
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Hard Money Loan without 2-3 past project qualification?

William Carr
Posted

I have read about  fix and flip hard money loans and how to qualify for them but I am not understanding what you do when you have zero past experience and how you get those 2-3 under your belt so you can get approved for this specific loan?  I am mainly interested in investing buy and hold but would like to look into flipping a couple. Thank you

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Aaron K.
  • Specialist
  • Riverside, CA
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Aaron K.
  • Specialist
  • Riverside, CA
Replied

The experience is not a firm requirement, you will need to show that a specific property works well and you may have less favorable terms until you show experience, but it is by no means a closed door.

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