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Updated over 10 years ago on . Most recent reply

User Stats

73
Posts
8
Votes
HJ Bercy
  • Investor
  • Florida
8
Votes |
73
Posts

Hard Money for primary home in Dallas, TX

HJ Bercy
  • Investor
  • Florida
Posted

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.

=====================

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

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