New to flipping, need a lender (private or hard money)

[Omar Ruiz]

I'm from Massachusetts, currently living in Stoughton. I am self employed as a therapist earning about $70-$80k. I have only $2k in savings, credit score in the low 600's, a mortgage ($389k), student loans ($136k), & credit cards ($14k+). I want to begin investing so I can get myself financial freedom but I desperately need support to get the initial capital to start fix & flipping houses. I am in need of a lender who could work with my financial background. I do not have much $ to put down on a purchase so I need someone to help with purchase, closing and rehab. If you can help, please contact me.

[George Despotopoulos]

Hey @Omar Ruiz, based on the above, and anyone else please feel free to chime in, as this is only my opinion, it will be very hard for you to invest right now. 

As someone who is new, with no experience, many would deny you right there, but if for whatever reason they do not, expect to see very high fees and rates from hard money lenders.

Then, there's the issue of down-payment and minimum loan amounts. Many hard money lenders will not lend below 50K, some 75K. And, most will require you to pay at least 15%-20% of the purchase price. 

I would think a better route for you is to analyze the market and properties and link up with a capital investor and make real estate investments that way. You can put in the sweat equity and whatever cash you can offer and the partner(s) invest the capital. 

Curious to hear your, and others, thoughts on the above.