I am just getting started, I would like to know how much liquidity do I need prior to contacting a hard money lender for a deal?

Depends on the lender and the type of loan.. This can really vary. Typically 15% to 20% of the total costs on flips and 25% to 35% on buy and holds. Another big factor is whether or not your lender requires reserves.

A HML would prob want to see enough liquidity for the amount you are investing in the project. Of course that will vary depending if they are asking you for a down payment and who will be paying for remodel funds. Another solution to using HML funds, would be to get a partner/investor who would pay for the entire project and offer you profit share. Best of luck in all your endeavors.

@Geoffrey Morales it depends on the deal. I would speak to a few hard money lenders to get a feel on how much cash you would need,

How much liquidity would I need prior to contacting a HM lender? How much liquidity would I need prior to contacting a HM lender?

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How much liquidity would I need prior to contacting a HM lender?

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