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Updated 14 days ago on . Most recent reply

Need a lender I have equity but I have bad credit
I am in need of a hard money lender in Houston but my credit is Bad. I have equity and cash to finance up to 40% of all flip expenses.
Most Popular Reply

Originally posted by @Khalil Hakim:
I am in need of a hard money lender in Houston but my credit is Bad. I have equity and cash to finance up to 40% of all flip expenses.
PM me. I do some private lending. My criteria is simple: If this person stopped paying, and I had to take the property, would I be fine with that? If so, I do it. I don't care if the person has 800 credit or 0. If 'worse case' is I get a property that's worth more than my loan, it's 0 risk.
(I remember trying to refinance properties I had in cash when lending was difficult. Banks would give me all these objections. I'd be like "Then finance me at 50% LTV. Then if I don't pay, Merry Christmas to you". But none would. Idiots ;)