I want to get started with my first deal ever. Im wondering what is the chances of receiving hard money money to fund your first deal. Thanks!
Chances are pretty good you will receive it. Hard money lenders look at a lot of different things when then lend. A large part of their decision comes down to the property and if it is a good deal. Getting hard money is usually an easier process than a normal home loan would be, but it also has very different terms. Make sure to be on the look out for how many points you are being charged and what rate they are giving you.
What state are you in? If you are in AZ I can get you into contact with a few different lenders I have worked with.
I have a thread up called first rehab that asks a question about hard money. I went to my first hard money lender and I have a lot of questions about what I have to come up with.
The chances are very good if you have skin in the deal.
@caseycuppy I'm in St. Louis mo. but i appreciate the info and if you have any contacts in my area i would be interested.
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