How hard is it to get hard money loan on 1st investment?

6 Replies

Not that hard but expect higher than usual interest rates because you don't have a proven track record. Make sure you run the numbers to see if it all makes sense

Originally posted by @Jonathan Toruno :

How difficult is it to get a hard money loan on a first time investment?

Totally doable. You might pay more or not have access to as high LTV but there are lenders that will help you. Some may be able to count any primary residences you own or have owned as some sort of experience to help get a little better rate etc.