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Updated over 5 years ago on . Most recent reply

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10
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4
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DMikal Mitchell
  • Rental Property Investor
4
Votes |
10
Posts

Property under contract. Private/hard money recommendations?

DMikal Mitchell
  • Rental Property Investor
Posted

Hello everyone,

I have a property under contract and my private money lender just pulled out at the last minute due to their other financial endeavors. I don’t want to lose the property and the closing is in about 10 days. I have my own cash for about 70-75% of the deal but I want to get funded for about 50% so I could have reserves. It is for a buy and hold and already has tenant so will cash flow instantly. I don’t want to do a personal loan or use my credit cards, no 401k, and no friends/family that has means to lend. Any recommendations?

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