Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
North Carolina Real Estate Q&A Discussion Forum
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 5 years ago,

User Stats

20
Posts
0
Votes
Mike Jones
  • Raeford, NC
0
Votes |
20
Posts

Hard money/Equity Lender in Cumberland/Hoke/Robenson County?

Mike Jones
  • Raeford, NC
Posted

I got advice from another thread to look for this type of loan based on my situation. 

The property I want to buy cost $38k. I have 30k cash.  I would need an 8k loan, which I could payback in 6 months.

*My credit score is a 502, only because I have no credit history at all.  

*I've been working for 6 years at the same company. 

*I have no expenses other than rent, which I wouldn't have if I get a loan to buy the house. 


I could easily payback the loan, but it's difficult to save it up now, because of the rent and utilities I have to pay. It took me six years to save up the 30k. 8k would take about 2 more years with me still having to pay rent.

Loading replies...