First Time Hard Money Deal

[Michael George]

So what does the forum think is an acceptable amount to try to leverage from a hard money lender for an investor's 1st time out? I'm a little skiddish since I would be dealing with $ not of my own and pressed to make the deal and a profit a reality.

[Sean Walton]

If you have no track record they probably won't give you more than a 65% LTV. I've had a hard time getting a definitive answer on LTV and rate until I get an actual deal under contract