Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago,
Hard money loan during bankruptcy lull...
I am currently in my 2 year waiting period before I can take out a conventional loan to buy my first rental property. October 2020 is go time! In the meantime I am rebuilding my credit and saving my pennies to have a down payment ready to go. Is there a way to get a hard money loan that lasts two years? I am a regular listener on biggerpockets and my ears always perk up when I hear people going from 0 to 100. As far as I can tell or have seen to date, hard money loans seem to average 6 months to 1 year. Is it possible to get one for two years? If not, what would be my other options to get started sooner? TIA!!