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Updated almost 4 years ago on . Most recent reply

Burke Fisher's profile image
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Burke Fisher
  • Flipper/Rehabber
  • from Dripping Springs, TX
  • Member since Mar 14, 2021
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Burke Fisher's profile image
Burke Fisher's profile image
Burke Fisher
  • Flipper/Rehabber
  • from Dripping Springs, TX
  • Member since Mar 14, 2021
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Burke Fisher
  • Flipper/Rehabber
  • Dripping Springs, TX
8
Votes |
24
Posts
Private Lending & Conventional Mortgage Advice

Getting into Rentals with OPM

Burke Fisher
  • Flipper/Rehabber
  • Dripping Springs, TX
Posted

My Fiancé and I are trying to get a rental property how does it work with Hard Money Lenders? Do you have to have positive equity in order to do so?

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Matthew Crivelli's profile image
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Matthew Crivelli
  • Lender
  • from Massachusetts
  • Member since Mar 1, 2021
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Matthew Crivelli
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  • from Massachusetts
  • Member since Mar 1, 2021
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Matthew Crivelli
  • Lender
  • Massachusetts
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Matthew Crivelli
  • Lender
  • Massachusetts
Replied

@Burke Fisher HM Lenders would supply the note. Not the down-payment. You have to go one way or the other. No matter how you slice it you will need 20% in hand.

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