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Updated almost 6 years ago on . Most recent reply
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How to get hard money lender?
I have realized I can make the deal I currently have into a much bigger profit if I were to (instead of wholesale) buy it myself and list it for a great retail price.
The issue is, I’m a complete newbie with no credit and all I have is a great deal on this property.
I’ve heard of private and hard money lenders.
The property is 65,000. I can easily turn around and sell for 95,000-105,000 fast.
What’s the best way for me to get a loan, if at all possible?
Most Popular Reply
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- Lender
- Lake Oswego OR Summerlin, NV
- 63,033
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you can get a HML with no experience but you will need a good amount of cash for down payment etc.
if you have limited cash and no expeirnce.. your going to waste time.
getting a partner with cash .. as this is a very low amount of money .. this should be simple.. split profits and build up your experience bucket so that U can then do deals on Ur own.
- Jay Hinrichs
- Podcast Guest on Show #222
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