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Updated over 6 years ago on . Most recent reply
Private Money for Buy and hold a good move?
I am a new investor in the St. Louis, MO market. I have been doing a lot of research about real estate investing. I currently have my eyes on a few multi family properties but I do not have the funds to finance these deals. I have heard quite a lot about hard money lending and I was wondering if anyone could be so kind as to point me in the right direction as far as finding a private or hard money lender to finance the deal. Also would it even be a good idea to so because these are buy and hold deals not flips.
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#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
HML these days do have buy and hold products @Aaron K. in the 7 to 8% range..
Visio is one they are out of TExas LIma One has some too they are out of Charlotte.
but just because its hard money you still have to qualify just like a bank loan .. these are fico driven and equity and ability to operate driven just like any loan.
- Jay Hinrichs
- Podcast Guest on Show #222
