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Updated over 5 years ago on . Most recent reply

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How do I go about trying to Get my first hard money lender

Posted

As a new investor I’m trying to learn what I need to bring to a hard money lender to finance my deal that I can get started?

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Derek Dombeck
  • Real Estate Consultant
  • Wittenberg, WI
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Derek Dombeck
  • Real Estate Consultant
  • Wittenberg, WI
Replied
As a lender, we don't have time to chase our borrowers down to constantly get more documents.  You should have everything prepared to increase the likelihood of getting the loan.
1. Purchase Contract
2. Scope of Work
3.Cash Flow Analysis if it's a rental
4. Pictures
5. Comps
6. Your Personal Financial Statement
7. Entity Documents
8.Tax Returns
This list may vary by lender......

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