Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 12 years ago on . Most recent reply

User Stats

3
Posts
0
Votes
Renee Shelkey
  • Rugby, ND
0
Votes |
3
Posts

Hard money loan?

Renee Shelkey
  • Rugby, ND
Posted

Hello,
I would like to know if it is possible to get a hard money loan in our situation, here is the deal…

My husband and I have a house in North Dakota. The house is a large 3 bedroom 2 baths, with an extra family room, bedroom (non-egress), and bathroom along with a large laundry room downstairs. We have had the place for 5 years and owe about $71,000.00 on a C4D. We had a realtor look at the place as we want to sell it, she said the value would be $125,000.00 - $135,000.00 as is. She said if we could do a little updating like new flooring, paint, etc we could raise the value to around $185,000.00. In order to do this we would need a loan for $15,000.00 to $20,000.00.

We don’t need the loan to be for very long. The housing in this area is selling quickly as we are close to Minot and the Western part of the State. I would really appreciate suggestions from those who are far more knowledgeable than I. Thank you in advance.

Loading replies...