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Updated 11 months ago on . Most recent reply

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14
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3
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Fulton Recepcion
  • Falls Church, VA
3
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14
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Private Lenders without money down

Fulton Recepcion
  • Falls Church, VA
Posted

I have been taught that some private lenders do not require money down.  

How do I find these lenders?  The ones I find online all require some money down.

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

if they dont require money down.. then you still have to have EM and closing costs IE title escrow points.. and then normally they will also make you front the draws and get reimbursed. AS well as the draws will be rigid in their requirements.. so other than family or friends you need some money to do real estate.

Oh and the no money down lenders that do advertise no money down. generally will only lend 65% or so of their opinion of value and that almost always has you having to bring in some cash to close.

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JLH Capital Partners

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