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Updated over 10 years ago on . Most recent reply

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James Holsinger
  • Real Estate Investor
  • Maxwell, IA
0
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7
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hard money loans

James Holsinger
  • Real Estate Investor
  • Maxwell, IA
Posted

Are there any hard money loans that have no credit check and are collateral based? No money down?

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456
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David Oldenburg
  • Lender
  • Granite Bay, CA
454
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456
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David Oldenburg
  • Lender
  • Granite Bay, CA
Replied

@James Holsinger 

 Everything sounded good, until you got to the no money down part!  It is all based on risk.  As an example, if someone in my area came to me with a potential wholesale or flip scenario, I would evaluate my risk.  If the property could be purchased for the right price, rehabbed and flipped for a profit, I would gladly put up 100% of the money and partner with the person who brought me the lead. However, I don't know of any regular hard money lenders who will loan 100% based only on the asset. If you find someone, please let us know!!  

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