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Updated about 2 years ago on . Most recent reply

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Mike Mutabazi
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Hard Money lenders.

Mike Mutabazi
Posted

Hello BiggerPockerts family. 

I'm new to the BRRRR method, what are the requirements needed by a hard money lenders to fund a project. I'm looking to invest in Ohio state.

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Devin Peterson
  • Lender
  • Sarasota, FL
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Devin Peterson
  • Lender
  • Sarasota, FL
Replied

Mike, each lender has their different overlays, but if you're looking to get a hard money and or Bridge loan to begin the BRRRR strategy, here's a list of the most common documents lenders may ask for:

- experience / track record

- personal financial statement

- scope of work / budget

- LLC entity docs

- maybe bank statements (lender dependent)


everyone is different and each loan is a snowflake. If you want more specific answers I recommend talking to a commercial / investor focused broker.

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