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Updated about 8 years ago on . Most recent reply

Susan Booker's profile image
Susan Booker's profile image
Susan Booker
  • from La Porte, Texas
  • Member since Jan 26, 2017
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Susan Booker's profile image
Susan Booker's profile image
Susan Booker
  • from La Porte, Texas
  • Member since Jan 26, 2017
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Susan Booker
  • La Porte, TX
1
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2
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Foreclosures

How do you get a loan for forclosure?

Susan Booker
  • La Porte, TX
Posted

I've seen many great buy in the Houston area but having a hard time finding loans that allow a flip.Tthe homes are in need of numerous repairs and do not qualify for investments loans through banks.

How does one proceed?

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Neil Aggarwal's profile image
Neil Aggarwal's profile image
Neil Aggarwal
  • Lender
  • from Richardson, TX
  • Member since Mar 11, 2014
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Neil Aggarwal's profile image
Neil Aggarwal's profile image
Neil Aggarwal
  • Lender
  • from Richardson, TX
  • Member since Mar 11, 2014
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Neil Aggarwal
  • Lender
  • Richardson, TX
228
Votes |
537
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Neil Aggarwal
  • Lender
  • Richardson, TX
Replied

Try to find a private lender in your area.  They will give loans where many banks will not.  Their rates are higher but it might work for you if your numbers are right.

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