In Cayce, most funding questions start with a dated ranch house and a short deadline. The right money depends on whether you plan to flip, hold, or partner.
One rule first: I’m not a lender. These answers explain how investors fund deals and how to protect yourself when you borrow.
For the full guide, including a deal-by-deal funding table and a lender checklist, read hard money lenders in Cayce SC. For every structure in depth, visit fund real estate deals. And if you want experienced eyes on a quote, join REI Skool.
Straight answers
Does Ben Lovro lend money for Cayce deals?
No. Ben is an investor and a borrower, not a lender, and he doesn’t endorse specific lenders. This page is education on how investors fund deals.
What’s the difference between hard money and private money?
Hard money usually comes from private lending companies with set loan programs. Private money comes from individuals who know you and lend their own funds, documented by attorneys. Read private money lenders.
How do I find a hard money lender for a Cayce flip?
Ask active Midlands investors who they trust, ask your closing attorney which lenders close cleanly, get a written term sheet and call a past borrower. A good lender welcomes those questions.
What are red flags with a fix and flip lender?
Large fees due before a written term sheet, pressure to sign quickly, no verifiable history, and refusal to let you use your own closing attorney. Any one of those is a reason to walk.
Can I use a DSCR loan on a Cayce rental?
Many investors refinance a renovated Cayce rental into a DSCR loan, which qualifies mostly on whether the rent covers the debt payment. See DSCR loans.
Do local banks or credit unions lend to investors in Cayce?
Some community lenders do, especially for borrowers with a track record and a deposit relationship. They’re usually slower and want the property in better condition.
What if I can’t get a loan for my first deal?
Focus on finding and underwriting a strong deal. Good deals attract partners and lenders. A documented joint venture is another option.
Where can I get a second opinion on a loan quote?
Post it in REI Skool, Ben’s free community, before you sign.