Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 4 years ago,

User Stats

7
Posts
0
Votes
Donnell Pankey
  • Rental Property Investor
  • Suffolk, VA
0
Votes |
7
Posts

Help with first hard money situation

Donnell Pankey
  • Rental Property Investor
  • Suffolk, VA
Posted

Hello fellow BiggerPockets family. Recently I bought in to a hard money lender and I haven’t had any luck finding any properties to get started on. I have a six month term before I lose my invested money and it’s already been 2 months. I am based out of the Hampton Roads area in Virginia so that’s where I have to invest. They have granted me access to 100% financing with no payments for 6 months as long as the deal qualifies. If the rehab is completed before the 6 months then the only payment to the hard money lender will be their investment and their fee plus I get the initial investment back. Any help and/or suggestions are appreciated. Thanks.

Loading replies...