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Sarah Ebling
  • Flipper/Rehabber
  • Ohio
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Funding My First Flip

Sarah Ebling
  • Flipper/Rehabber
  • Ohio
Posted Jul 9 2020, 15:14

Hello, Forum!  I have been interested in flipping a property for years, and a brand new listing popped up that I know would be my perfect first flip.  My problem is, no one, and I mean no one, is willing to approve a hard money loan to a first time flipper.  

Please, please, please don't suggest a private loan from friends or family, or a home equity line of credit.  If either of these options were available to me, I would not be seeking a hard money loan. I am looking for funding to purchase and rehab the home.  I don't have much cash to tie into the deal myself.  Can anyone suggest a lender willing to work with beginners with no flips under their belt yet?  We all have to start somewhere.

Any suggestions you could lend would be much appreciated.

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