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Updated almost 7 years ago on . Most recent reply

User Stats

109
Posts
82
Votes
Marylin OShea
  • Real Estate Agent
  • Annapolis, MD
82
Votes |
109
Posts

Non Conventional Financing for 1099 Folks...

Marylin OShea
  • Real Estate Agent
  • Annapolis, MD
Posted

Hi there

I just became a 1099 and I am not eligible for a loan for a while, regardless of my current assets in retirements funds. How do you find hard money lenders?

What are my other options? Family/friends isn't an option for me, and I don't want to go the self directed IRA route because there are too many benefits I can't give up on (loss of passive loss deduction, can't do work int the rental myself, can't even save on commission as a real estate agent apparently).

Thanks for your thoughts. I have just found a great deal and need to hurry up to make it happen!

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