Low money down high leverage loans 2.

For lenders who want two years of bank statements has resulted in a fail where private money only cares that you can close but not sources of money

Quote from @Damien Davis: Hello BP Family,Been on the hunt for a hard money lender that is willing to work with a new investor.

get money and experience first then open your company. go work for a company and get paid to learn their systems and how they do things. take what you like and implement it into your business. 

@Stephanie Heron Weeber The Builders Risk policy is the correct coverage for this project.   

Even with those advantages I cannot take 100% of my money out on a BRRR and get infinite returns.BRRR for beginning investors is very high risk.  

That said, if you have strong equity and clear exit strategies, there are private lenders who may still be open to it—especially if you're open to cross-collateralizing or creative terms. those props if they are in a major city are squarely in the HOOD /  HIGH RISK or some small 5k pop town in fly over country.. just not worth the effort..

If you are buying 60-120 year old homes in Milwaukee you have to get comfortable with the fact that you will have to spend money on capex. 

A 10% rate for a hard money loan (HML) is actually very reasonable when you understand the nature of the risk and structure involved.

:I also lent money to Matt back in February of 2020.