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How to Get a Loan from a Highly Reliable Fix and Flip Hard Money Lender? › HardMoneyMan.com LLCHouse rehabbers often seek the help of a trustworthy and reliable fix and flip hard money lender to get funds that they can use to efficiently finance their deals. Also called private lenders, these hard money lenders are capable of supplying funds to these rehabbers to ensure that they can proceed with their real estate investment deal despite the fact that they are presently short in personal money. If you plan on investing in this type of venture, then the following tips can guide you in tapping lenders in this industry and obtaining funds that will support your investment from them:

1. Avoid getting too emotionally attached to a property. In your search for the best fix and flip hard money lender, you need to remember that most of them are greatly interested in facts and numbers related to the property not about how special and wonderful it means to you. Because of this, you need to present straight facts and truthful figures in your proposal. Not doing this will only cause you to look like an amateur in the field. Another tip is to apply the principle of conservatism when presenting figures.

2. Know the requirements. Before you deal with any hard money lender, you have to create a list of the requirements that you need to submit and gather all these things prior to finally contacting them. What you need to do is to visit the lenders website or check out its brochure and any other sources of information regarding the standards and requirements that you need to meet. This will prevent you from damaging your reputation since you will just be wasting their time if you contact them without preparing everything that you need. A few minutes of research will definitely save your potential to build a good relationship with a hard money lender.

3. Include exit strategies into your proposal. You need to convince your chosen fix and flip hard money lenderthat you are a reliable and serious investor who has a great number of qualified buyers. This will leave a good impression which could lead to a loan approval.