I have a sweet deal under contract and I need a hard money lender . Where could I find someone to structure this deal or how would I go about this. I need to close, rehab and then get cash flow.
Hard Money lenders are still active....but very cautious.
You need to have skin in the game...a decent amount of earnest money, a great credit score...which indicates you have in the past met your obligations, a viable deal and a history of successful completionsof deals of this kind.
Do you measure up?
It seems Lenders have reverted to the old standards of: Before we lose ANYTHING, you lose EVERYTHING!
[addsig]
TBInvestor is correct!! I have one with a hud repo I want to assign and one that is a property I want to live in.. I can now go on the sec. of state website and do the LLc.( It is only $100 here in Georgia) then have the agent place my bid.
THANKS FOR THE SPEEDY response
Hard Money lenders are still active....but very cautious.
You need to have skin in the game...a decent amount of earnest money, a great credit score...which indicates you have in the past met your obligations, a viable deal and a history of successful completionsof deals of this kind.
Do you measure up?
It seems Lenders have reverted to the old standards of: Before we lose ANYTHING, you lose EVERYTHING!
[addsig]
TBInvestor is correct!! I have one with a hud repo I want to assign and one that is a property I want to live in.. I can now go on the sec. of state website and do the LLc.( It is only $100 here in Georgia) then have the agent place my bid.
THANKS FOR THE SPEEDY response
what out of the 175 is he willing to accept?
Have you looked at the affordable housing stds in LV?
can he sell the units subject to the 175?