Investor need Hard Money loan

[Fredrick Jackson]

Hi, I am new to The BiggerPockets forum and I have been a member for almost one month. I have spent most of my time watching videos, and enjoying learning from other investors experiences. I have decided to stop reading and commit to taking some action steps every week to move closer to my goal of creating a strong real estate portfolio. Which brings me to why I'm posting. I have a client/investor who has properties in NY and Florida. The subject property is located in Lantana, Fl and it's a single family 3/2 with 2 car garage the owner paid cash 90k. I am a Realtor in South Florida(SL3232820) and I'm very familiar with this area and this property; in fact I helped the owner find this deal nearly 4 years ago. The owner is looking to take 100k cash out to pay off some debt and rehab the property(20k). The owner would like a No Doc, No Credit check loan to pay off debt. Owner is not "bankable". However this home has a ARV of 270k. The owner has 180k worth of equity in the property, and this gives a lender a chance to take 1st Lien on this property. Please help me help this investor tap into equity. I plan on taking pictures of the property within the next couple of days. 3/2 with 2 car garage 914 Julia Heights Lantana, Florida 33462 Paid 90k in 2014 The home is currently free and clear!! Comps: Across the street from subject property same floor plan $270k 5/5/2017

[Mateusz Prawdzik]

@Fredrick Jackson GOD I LOVE THAT WORD..... ACTION, really does the trick doesn't it. Everyone that comes across this has to do the same, stop freaking reading and not doing anything and wondering why it's not working and do that special thing that people forget does the job. ACTION. I said it to someone just yesterday as well. ACTION IS KEY.

But back to your post, has she/he thought about take a Home Equity Loan? or Line of Credit? In my understanding, you're saying that the owner wants to rehab the house and sell it? Do you want to wholesale it? What exactly are you looking for?