How to Approach a Hard Money Lender

[Abigail Cooper]

I have a few buy and holds under my belt. I’m looking to flip for the first time and I’m partnered someone who has a good amount of flipping experience. Coming in with extremely strong credit so I’m confident I can find someone willing to fund the deal.

Since this is my first time trying to get hard money I could use advice on what basic questions to ask and how to make sure they’re legitimate. I don’t know how to structure the deal between myself, the lender, and my partner. I’m also looking for guidelines about important questions to ask the lender and legal protections for myself.

Any recommendations for articles, podcasts, books, or just your personal advice would be appreciated, as this is an area where I need to build up my knowledge very quickly. Thanks.