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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

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Nelson Van
  • Rental Property Investor
  • Virginia Beach, VA
25
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23
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Best way to start relationship with hard money lender

Nelson Van
  • Rental Property Investor
  • Virginia Beach, VA
Posted Jan 28 2020, 18:16

Hey you all,

I’ve come to the conclusion that getting a hard money lender will be my best bet first my first property and probably future investments as well. I have just a few questions for you guys if you don’t mind chiming in and helping me out.

- How to avoid scammers

- Best way to build a relationship and create a deal with a lender(how to find, keep, and have an ongoing business relationship)

- Is the first deal usually 20% down or can I avoid that?

- Should I get a proof of concept on my own before going after a hard money lender?

Anything you guys could chime in with would be a huge help whether it pertains to these few questions or something else to do with hard money lenders.

Thanks!

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