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Updated almost 7 years ago,

User Stats

85
Posts
45
Votes
Jonathan New
  • Rental Property Investor
  • Norfolk, VA
45
Votes |
85
Posts

Providing up front cash for hard money

Jonathan New
  • Rental Property Investor
  • Norfolk, VA
Posted

I am working on first deal, so newb alert. I am looking at cheap houses (<$60k purchase) in the Hampton Roads area of VA. I have very little personal cash to put up. Would a HML care if I used a personal loan for the up front cash? My gut says that would not fly, but then again, HML don't seem bound to the same standards as conventional. The wealth of wisdom and diverse opinions that you all provide is much appreciated!

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