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Updated over 6 years ago on . Most recent reply

User Stats

15
Posts
1
Votes
Deonte Smith
  • Flipper/Rehabber
  • Windsor, CT
1
Votes |
15
Posts

Hard money lenders

Deonte Smith
  • Flipper/Rehabber
  • Windsor, CT
Posted
Can a hard money lender do smaller deals like ones under 50k but to make more than a 65% profit?

Most Popular Reply

User Stats

465
Posts
184
Votes
Caleb Jordan
  • Lender
  • Arlington, TX
184
Votes |
465
Posts
Caleb Jordan
  • Lender
  • Arlington, TX
Replied

At that amount you be be able to get a personal loan for 50k with various places like lending club which is a crowd funding site. Or lightstream which does personal loans. I got a car loan from light stream, they deposited money in my account in like 24 hours then I went to dealership and paid  cash for a car. Maybe they can do that with a cheap property, I don't know.

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