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Updated over 4 years ago,

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15
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1
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Hard money loan help please!

Posted

Hi all! I have roughly around 50k saved up and was wondering if a hard money was possible with this amount.. I’ve been shopping around and everyone seems to want around 45k upfront as far down payment and fees go and such which is definitely a tight squeeze.. but however on top of that they wanted to see that I had around 70,000 of liquidity before going through with the deal.. so my question is should I try and take out a personal loan on top of this just as added cushion and to show that I have that much liquidity? Or is it possible to find a deal with the money I have? Thanks so much guys!

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