Updated over 6 years ago on . Most recent reply
Hard Money Lenders In SF
Seeking for Hard money lenders who fund in the South Florida Market who are willing to work with a first time investor. Preferred strategy: BRRRR.
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Do you have a deal lined up? Unlike traditional financing (where you should get a pre-approval before shopping for deals), hard money is centered more around the property than it it around your personal finances. You need to approach lenders with numbers ready and a good understanding of how HM works. I interviewed 5 lenders before finding one that would work with me as a beginner investor, and it only worked out because I had my analysis on point, and a network of people who could support me in the process. My HM lender actually required me to have an experienced rehab coordinator to oversee my project, otherwise they wouldn't have funded me. I had that person already in my network, so I was ready to go!
Lastly, I found that a lot of HM lenders service nationwide. Mine is in California and I invest in Michigan. Start local, call around and widen your search to national lenders. Also check the HM company list here on bigger pockets, that's where I found mine!