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Updated over 7 years ago on . Most recent reply

Lisa McAuliffe's profile image
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Lisa McAuliffe
  • from Springfield, Virginia
  • Member since Apr 25, 2017
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Lisa McAuliffe's profile image
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Lisa McAuliffe
  • from Springfield, Virginia
  • Member since Apr 25, 2017
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Lisa McAuliffe
  • Springfield, VA
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Creative Real Estate Financing

Why do I need cash with Hard Money Lending?

Lisa McAuliffe
  • Springfield, VA
Posted

I thought hard money lending would help me get started with my latest foreclosure purchase. However, I haven't been able to locate HML's that provide 100% of purchase price and 100% of rehab. Anyone have any advice for me in this creative real estate financing forum? Thanks much!

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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks's profile image
Wayne Brooks's profile image
Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

HML's will want You to have some cash (skin) in the deal. You will likely need a partner with some cash.

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