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Updated over 4 years ago on . Most recent reply

User Stats

187
Posts
102
Votes
Keith N.
  • Investor
  • Raleigh, NC
102
Votes |
187
Posts

Has anyone used a HML (Hard Money) to purchase a Hubzu property?

Keith N.
  • Investor
  • Raleigh, NC
Posted

I see a Hubzu property that I'd like to make an offer on.

***Now before we get into this, let me tell you that I have in fact researched Hubzu, heard about how tons of people hate it, and am aware of the buyer fees they charge.***

My Question: Can a one of these Hubzu "Cash only" properties be purchased using hard money? I have excellent credit + have spoken with a few hard money lender's, so I already know the lender I'd go with

- Does Hubzu allow a buyer to purchase the home using Hard Money?

- Will Hubzu honor a "approval letter" from the hard money letter?

- Do most Hard Money Lenders REQUIRE a full inspection, with access to interior of the house, before lending money?

... Basically, I'm trying to figure out if it's possible/makes sense to purchase a property on Hubzu using hard money.


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