Looking to buy a HUD CWCOT home but don't have the cash on hand. How does one get a cash loan to buy a house. I imagine it would be some sort of high interest loan then refinance once able. Do Hard Money or Private lenders do this? In the North Carolina market
Specialist · Delran, NJ · Member since 2016 · 2k+ posts · 951 votes
6y
What exactly do you mean by a "cash loan"? The way I interpret that is an unsecured loan not tied to a property or anything else. It's not something hard money lenders do.
Wholesaler · Lenoir, NC · Member since 2013 · 297 posts · 127 votes
6y
Yes most likely you would have to go with hard money or private lenders. You should do some more research on here about these to. It would also help by you adding a picture to your profile. It would help others to see that you are real and not one of the scammers that tend to be on the internet these days.
Specialist · Delran, NJ · Member since 2016 · 2k+ posts · 951 votes
6y
What exactly do you mean by a "cash loan"? The way I interpret that is an unsecured loan not tied to a property or anything else. It's not something hard money lenders do.