Hard Money Loans for County Foreclosure Sale Properties

[Ryan Arnstein]

Hello,

I recently sold my two flat after overseeing the renovation on it, and am looking to use the proceeds to buy high equity properties in nice areas at county foreclosure sales and turn them into short term rentals that are projected to produce over $100,000 per year in gross revenue. I possess an IL real estate license as well, and am looking for a hard money lender that will allow me to put 10-20% down, or extend me a line of credit. Counties in my area typically require 25% down at the time of the sale, and the balance is due within 24 hours. We also would not have access to the inside of the properties until the existing occupants vacate, so an exterior or Desktop appraisal would be needed. I look forward to hearing from you soon.

Thanks,

Ryan Arnstein