Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

241
Posts
96
Votes
Loren Thomas
  • Electrician
  • Bothell, Wa
96
Votes |
241
Posts

What would you do if a bank won't talk to you for 2 years?

Loren Thomas
  • Electrician
  • Bothell, Wa
Posted

I'm in a situation that won't allow me to get conventional financing for 2.5 years. What would you do to fund deals? I have some ideas, private short term mortgage is the only option that seems feasible, I am still pursuing this so in the meant time I'm trying to come up with other options. I have heard of a 2 year hard money loan, but I don't know what the interest rate would be, likely too much. I am sending letters to 100% equity multis in my area, so far no response.

I recently read Think and Grow Rich and I'm trying to spend a lot of energy thinking the right way to accomplish my goals. Right now I'm trying to transmute me a short term mortgage!

As a side note, can anyone recommend a good book on leadership? I'm in a leadership role at work and I'm interested in doing it better.  

Most Popular Reply

User Stats

13,381
Posts
19,414
Votes
Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,414
Votes |
13,381
Posts
Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

Partners

Loading replies...