I am 100% disabled veteran looking to hard money, I need help please

[Nikki M.]

hello,  

I am new to this site.  I am disabled vet from United States marine corps.  My husband and I purchased a fixed upper in midtown houston.  The property has a duplex and single family home on the lot, so it's like we had to rehab two houses.  We have completed most of the renovations with our own money.  We made a lot of mistakes and ran into a lot of issues along the way, We have now run out of money.  We need about  20k to finish up.  I tried going through the texas vlb and va. I have a mid 600 credit score, but have a few charge offs that are 6 yrs old,  so I was denied.  At this point, we are looking to maybe get a hard money loan, finish the rehab, improve credit and refi through va.  I am not familiar with this process at all. Can anyone offer any assistance as to how to proceed? Please.

Thank you

[P. Martin]

You really need to consider all of your options and speak with someone trustworthy and experienced who can help you make a decision before you move forward with this. It sounds as though you are in a fairly precarious position, and taking out a hard money loan without being familiar with the process seems like a recipe for you losing this house and more.