How hard is to obtain hard money?
Hi Rosa, thank you for your question regarding hard money loans. Hard money lenders typically look at a few key things, your experience with fix and flips, the potential property value after renovation, and your equity in the transaction. Credit and Income weigh in less in most cases. If you don’t have any experience with fix and flips, some lenders will allow you to work with a contractor while you build experience. You can learn more about rates, fees, terms ect in our article 2019 Best Hard Money Lenders,
Have a great day,