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Updated over 5 years ago on . Most recent reply

User Stats

42
Posts
22
Votes
Nate Ginsberg
  • Rental Property Investor
  • Leominster, MA
22
Votes |
42
Posts

Finding private aka hard money lenders

Nate Ginsberg
  • Rental Property Investor
  • Leominster, MA
Posted

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!

Most Popular Reply

User Stats

104
Posts
48
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Jeremy Holcomb
  • Rental Property Investor
  • Somewhere
48
Votes |
104
Posts
Jeremy Holcomb
  • Rental Property Investor
  • Somewhere
Replied

@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. 

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