So much analyzing...i think im ready. Now what?

[Bj Ayoleke]

Hello all,

I have watched webinars and analyzed a lot of properties. I found a 2 properties(Duplex and 4plex) that could be potential first deal. Now i feel stuck as far as the next step. 

I feel like it should be finding a hard money lender, but what does a hard money lender require from me? What are their qualifications to get a loan from them?

Im looking in Georgia right now, so i would love some advice on what to do once you have conquered analysis paralysis. 

Both properties are under 100K and i have roughly 15K in cash and another 10K credit cards available.  I figured i could use for the credit card to assist in rehab in addition to what a hard money lender would require. Is this a right step?

[Jason D.]

The only way to know what will be required for a hard money loan, is to contact a hard money lender. I'm going to say that I dont think $15k in cash is going to be enough to get you started, so you may have to be creative in that respect to have more available cash on hand, but the lender can give you those details.