I am in the market for a hard money loan to invest in property. I will collateralize a 15k loan with a rental property I own free and clear that is worth 30k OR I will collateralize a 35k loan with a rental property I own that is worth 85k. I have free and clear warranty deeds in hand for either.I will pay 15% interest which is better than any bank pays you on your cash sitting there.
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I am in the market for a hard money loan to invest in property. I will collateralize a 15k loan with a rental property I own free and clear that is worth 30k OR I will collateralize a 35k loan with a rental property I own that is worth 85k. I have free and clear warranty deeds in hand for either.I will pay 15% interest which is better than any bank pays you on your cash sitting there.
I normally deal with hard money lenders vs banks because bankers want you to kiss their ass where as hard money lenders give you what you want immediately based on your collateral alone.
I normally deal with hard money lenders vs banks because bankers want you to kiss their ass where as hard money lenders give you what you want immediately based on your collateral alone.
I normally deal with hard money lenders vs banks because bankers want you to kiss their ass where as hard money lenders give you what you want immediately based on your collateral alone.
Yeah a few years ago it was much easier to get a reasonable hard money loan on the fly. I used a hard money firm to do a rehab and it was smooth, but that was before the implosion and things have changed.
You are also probably facing an issue with loan ammt, not many places want to create a mortage for such a small ammt.
Have you tried Craigslist or even the sunday paper want ads? If you were willing to make it a first against a property I have to think you would have takers.
Quote Originally Posted by BET THE HOOK:
I normally deal with hard money lenders vs banks because bankers want you to kiss their ass where as hard money lenders give you what you want immediately based on your collateral alone.
Yeah a few years ago it was much easier to get a reasonable hard money loan on the fly. I used a hard money firm to do a rehab and it was smooth, but that was before the implosion and things have changed.
You are also probably facing an issue with loan ammt, not many places want to create a mortage for such a small ammt.
Have you tried Craigslist or even the sunday paper want ads? If you were willing to make it a first against a property I have to think you would have takers.
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