HMLs that work with poor credit

[Brikkelle Thompson]

Hi BP community!

I'm under contract on an investment property and am interested in connecting with HML recommendations for investors who have poor credit (temporarily!).

Thanks for any guidance you can provide.

[Ned Carey]

@Brikkelle Thompson there used to be a list her of hard money lenders. I know if you look under the network tab there is a list of 'Recommended vendors". I would also check your local real estate investment clubs (check Meetup and REIA).

Generally a hard money lender lends based on the value of the property (hard asset. hard money get t?) not so much on your credit. They will expect you to have "skin in the game". In other words don't expect 100% financing, They want you to have some money at risk. If you put up enough money and the deal is good enough, you can definitely find a hard money lender to do the deal. 

A hard money lender can be a safety check. If they won't fund the deal, they are probably protecting you from a bad deal.