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Updated over 8 years ago on . Most recent reply

Pat Jackson's profile image
Pat Jackson's profile image
Pat Jackson
  • Rental Property Investor
  • from Reno, NV
  • Member since Feb 20, 2017

User Stats

284
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137
Votes
Pat Jackson's profile image
Pat Jackson's profile image
Pat Jackson
  • Rental Property Investor
  • from Reno, NV
  • Member since Feb 20, 2017
Pat Jackson
  • Rental Property Investor
  • Reno, NV
137
Votes |
284
Posts
Innovative Strategies

HELOC funds for hard money loans

Pat Jackson
  • Rental Property Investor
  • Reno, NV
Posted
I’m not planning on trying this, but what’s stopping someone with a HELOC or another type of low interest loan to be a hard money lender? I have two HELOCs (4.5 and 5.25%). I’ve never taken out a hard money loan but I read ~12% and 2-4 points isn’t uncommon. Anyone ever do this?
  • Pat Jackson
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