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Updated over 5 years ago on . Most recent reply
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Finding private aka hard money lenders
I’m about to close on my first deal - a duplex house hack - and already found a solid second deal, but don’t have 20% to put down as an investment property. Thinking a hard money loan to cover the downpayment and reno costs combined with a commercial investment property mortgage might work though. One problem, how do I find a hard money lender to work with?? Anybody else found themselves in my position when you were starting out? How did you work it out? Thanks in advance!
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@Nate Ginsberg I do believe @Frank Y. is correct you won’t find them to do down payment/Reno cost as a second lien holder. However, you might find one to do the whole loan.