Finding Hard Money and Private Money

[Bradey Peavy]

When looking for hard money and private money what do people typically do and how do they go about providing the investors with materials making them want to invest with you. typically how are you paying back the loan as well. Looking at purchasing my first property quickly but I have almost no money to do it with. are there any other options that you would recommend.

[Matthew Irish-Jones]

@Bradey Peavy all lenders are looking for pretty much the same things.  They want to know your experience level, how much you have in cash reserves, your credit score, and a pro forma on the asset.

If you have no money to put down, and you don't have a lot of liquidity its going to be very difficult, especially now with lenders tightening up.

Usually you would provide a pro forma on the property you want to purchase, then you provide back up docs showing your personal financials.  

This is a tough time to get lenders on board if you don't have a strong personal balance sheet.