New Investor Looking for Advice

[Alison Cromwell]

Hi everyone! I am about to turn 21 years old and reside in Maryland. I am looking for a good investment property. I currently have 40k to invest, and am looking for someone to help guide me through the process. I guess my question is, how do I get a loan for a flip when I don't have 2 years of pay stubs. 

[Robin Simon]

Quote from @Alison Cromwell:

Hi everyone! I am about to turn 21 years old and reside in Maryland. I am looking for a good investment property. I currently have 40k to invest, and am looking for someone to help guide me through the process. I guess my question is, how do I get a loan for a flip when I don't have 2 years of pay stubs. 

What you are looking for is a "Hard Money" loan - generally will be primarily based on your the property, your experience and credit. Even without experience, it should be possible to get a HML as a first time investor - just going to make sure to be pretty conservative