Hard Money for primary home in Dallas, TX

[HJ Bercy]

I currently in process of looking to purchase a home as primary residence.

However, I cant go conventional route due to recent BK and Shortsale from a divorce that lagged on.

I have been offered deals from HOMELPC and a private loaner looking for:

Home price $250K      Rent: $2500-$2800 +/-      Down Payment: 10% 

And even split on appreciation of home.

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Are there better options out there?  Mind you I am aware, I wont get any great deals in comparison to conventional loans.

I wanted to put in 40-60k down with private lender hoping to have a friendlier deal, as I'm putting quite a bit down for a 250k range home.

Quick respond will be greatly appreciated!!

HJ