Financing with Hard Money

[Jesse Houser]

Hey all,

I'm looking for some advice on how to get started with my first property using hard money. My wife and I recently purchased our personal home, as well as had our first child. As such, we don't really have funds for a down payment towards a property. Because of our situation, I'm trying to be creative with different financing options. I would prefer private lenders but they can be difficult to locate, and so I'm looking at hard money. However, all the numbers I run do not present with a positive cash flow. Just wondering if anyone else has any advice towards making the numbers work so I can get started in this field.

Thanks!

[Bob Green]

Hello Jesse,

There is hard money that is 100% financing if the ARV is enough to cover all costs. I would suggest using this to flip a property or two and build up some liquidity. This type of financing is expensive but for someone in your situation could work. Let me know if you are interested and I can point you in the right direction.