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Updated over 4 years ago on . Most recent reply

User Stats

20
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12
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Robert Russotti
  • Rental Property Investor
  • Raleigh, NC
12
Votes |
20
Posts

Hard Money Down Payment

Robert Russotti
  • Rental Property Investor
  • Raleigh, NC
Posted

Hello All,

I have stumbled over a good equity opportunity that is listed for 110k. I have the ability to get 75% financing yet lack a downpayment. Do hard money lenders do smaller amounts around 30k? Additionally, a 75k renovation beyond the sale amount will make it a premier property in this growing town. Thoughts, please.

Thanks

Rob

Most Popular Reply

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23,418
Posts
13,508
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

HML's won't do a second position.

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