Updated over 5 years ago on . Most recent reply
How to Get Funding for First Flip
I have been out of real estate since the 2008 crisis and I am currently struggling to get back in the game. I have a few obstacle to over come at this point, getting financing to do the first deal is the major one. Cash reserves being another. Most private and hard money lenders have minimums and in my market it is hard to meet those minimums. The average flip can be bought and rehabbed for under 75k , which seems to be the lowest lenders will go. I can't go conventional, because I just don't have a %20 down payment and most properties will not qualify anyway. If anyone has any advice on how to fund a first deal with limited resources, please let me know.