What type of loan should I focus on getting as a first time flipper with not alot of capital to start?

Pedro, I am not sure what you mean by not having a lot of money, but as a first time investor you will mostly likely need skin in the game. Probably 20% of acquisition + rehab. If you don't have 20% you should look for a partner. The loan type is rehab and the best place for a new investor to get a rehab loan is a hard money lender. Best of luck to you.

I prefer a construction loan through a bank. It's the cheapest money.

@Chris Teti I've heard that strategy before but I'm worried about the high interest on those hmls ( hard money). Fund and grow was suggested thru a friend but the start is around $4000 . Do you think that buisness credit worth it

@Pedro Bartolomei Hey Pedro, I think combining unsecured lines of credit with your hard money / construction loan is the best way to go as it allows you to invest without using any of your own $$ and i Like someone else said, the numbers have to work and you should have an exit strategy like doing a flip or brrrr'ing it.

@Bob Green what's your opinion on a portfolio loan as opposed to a hml? Interest would be lower correct? Thanks in advance for any advice

@Nicole Heasley unfortunately this isnt an option for me

Can you start with a primary fix-and-flip? You can do a 203K loan with only 3.5% down. The equity you create could be used for flips.

Before you determine what type of loan you want to work with, you should think ahead. Think of the exit strategy. How am I going to sale this property, have you studied the market? How long will the rahab take? thinking ahead helps a lot, especially for a novice flipper. Also, Prepayment penalties can be rough on someone with "not a lot of capital", determine sale time, rehab cost, and more importantly can I afford to flop on this project? If you don't have a lot of money try to look for a partner as Bob Greene suggested. If it's your first time flipping don't do it alone its ok to split profit. hope this help. best of luck.

First time flipper .. portfolio loan or hard money?First time flipper .. portfolio loan or hard money?

Back

Resources & Media

Resource Hub Bookstore Blog Guides Pro-Exclusives PRO Podcasts Pro Partnerships

Events & Training

BPCON2026 Webinars Free Courses

Strategies

How to Manage Your Rental Property How to Operate a Short-Term Rental How to Passively Invest in Real Estate How to House Hack How Does the BRRRR Method Work How to Flip a House How to Invest in Commercial Real Estate How to Invest in Real Estate How to Invest in Multifamily Real Estate How to Build Wealth

Invest More Confidently

Join the real estate investing community that’s helped thousands of people achieve financial freedom.

Start Free Trial

The Podcast Investors Trust

No fluff. Just deals, strategies, and lessons from the front lines of today's market.

Listen Now

Back

Pick Markets

Market Finder PRO Picking a Market Workshop PRO Picking a Market Worksheet Top 100 Cash Flow Markets Market Insights - Sunbelt Region

Market finder

Pinpoint the best real estate market for your specific goals with expert recommendations and real-time data on appreciation, affordability, rent-to-price ratio, and more.

Pick Markets

Pro membership

Get unlimited access to tools and resources that make it easier to find, analyze, and manage deals with confidence!

Upgrade to Pro

Back

Find Deals

BiggerDeals Off-Market Deal finding PRO Real Estate Syndications Investor-Friendly Agents Find Foreclosures Community Listings (FSBO) Business Directory

NEW! Find Cash-Flowing Deals Fast

Search nationwide listings with built-in cash flow analysis.

Find Deals

Invelo - off market deals

Scale your portfolio with off-market deals.

Explore Now

Back

Calculators

Rental Property Calculator PRO Rehab Estimator PRO Rent Estimator PRO BRRRR PRO Fix & Flip PRO Short-Term Rental PRO Sell vs. Keep PRO Landlord Insurance Calculator by Steadily All Calculators

Rental property calculator

Is it a good deal? Run your numbers like a pro with this simple yet powerful calculator.

Run the Numbers

Rent estimator

Understand how much rental income you can expect based on recent reports and data for your specific property.

Run Report

Back

Manage Properties

Managing Properties 101 Find a Property Manager RentRedi Property Management Software PRO Baselane Automated Bookkeeping & Banking PRO Property Management Tools Ask a Management Question Finding Tenants Screening Tenants PRO Leases + Landlord Forms PRO Property Insurance Property Maintenance / Rehab PRO

Property management software

Manage tenants, tasks, and your entire portfolio with one simple tool.

Activate Now

Property manager finder

Find reliable property management partnerships that last.

Find a Property Manager

Back

Plans & Pricing

Pro Membership Business Membership

Try PRO for 7 days completly free

Avoid mistakes and make informed decisions with Pro.

Start Free Trial

Grow your business

Promote your business on BiggerPockets and make quality connections with the right investors.

Sign Up Now

Back

For You

Newest Unanswered My Discussions Followed Discussions Followed Categories Followed Locations Followed People

General Real Estate

General Real Estate Investing Starting Out Deal Analysis Buying & Selling Business & Marketing Landlording Property Management Reviews & Feedback

Real Estate Strategies

House Hacking BRRRR Short-Term Rentals Mid-Term Rentals Multi-Family Fix & Flip Other Strategies

Finance & Financing

Lending Creative Finance Personal Finance Taxes & Legal Issues

News & Announcements

Official Site Announcements Market Trends & Data Real Estate News & Current Events Pro Exclusive Area PRO

Events & Networking

Events & Meetups Classifieds

Back

All Books

Best Sellers Browse All New Books & Pre-Orders Bundle & Save Books for Beginners

Unlock hidden potential in every property and maximize returns

This is your creative breakthrough guide to escaping investment paralysis and unlocking hidden profit in any market.

Get Your Copy

Build a Cash-Flowing Glamping Business with High Equity Upside

Whether you're starting from scratch or expanding existing hospitality operations, learn the practical frameworks needed to capitalize on the growing demand for upscale outdoor experiences.

Learn More

First time flipper .. portfolio loan or hard money?

Most Popular Reply