Can You Get Hard Money With A HML Foreclosure?

[Mike Schorah]

Can you get a hard money loan for a flip or a BRRRR if a hard money lender foreclosed on you 3 years ago?

I'm asking this on behalf of a friend. He lost $15k on a house flip and rather than lose more money, he worked out a deed in lieu or foreclosure or something. I didn't understand the whole story, but he said that he wanted to flip or BRRRR again badly. He said that he learned his lesson and was hoping that it was possible to have a second chance. So I was curious and thought I would ask it here.

Can you get a hard money loan for a flip if a hard money lender deed in lieu on you 3 years ago?