Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Izavion Joanes
  • New to Real Estate
  • Hammond, IN
1
Votes |
7
Posts

Private Lending/HML help

Izavion Joanes
  • New to Real Estate
  • Hammond, IN
Posted

I have been trying to get into real estate for years now. I’ve read books, watched shows, and attended seminars. At this point, I’m ready to get started. But, I am literally stumped. Can anyone offer any advice or guidance on how I can secure financing for my first deal? I do not have a substantial amount of cash for fund repairs or a large down payment. One the credit side of thing it’s pretty solid, I’m sitting above a 700. Debt-to-Income only about 15%. I would love to partner with other investors in the area but I do not know any. Is there a way I can potentially find them? From my research, it seems as if a hard money loan would be the best route for me to take. I am in the Northwest Indiana area and plan on this being my farming area. I would like to start off with a decent size single family home that could generate a quick flip giving me some experience and generate a good profit. Does anyone know any lenders that will lend to a first time flipper? This is something I’m passionate about, I don’t want to jump into anything and screw myself but I’m ready to get started. Thanks for all of your help you all, as you can see I really can use it! Please give me any advice you can, I am a novice.

Loading replies...