Making connections thru connections

It's a beautiful thing. 

I can't tell you the number of banks, credit unions and mortgage lenders that I've spoken to about hard money lending. All of which said pretty much the same thing; 'how much money do you have in your home, perhaps you'd be interested in a personal line of credit'. But I knew that this couldn't possibly be true, somewhere there has to be someone who is lending money to real estate investors who are looking to get started. There has to be, because I've heard stories of people who were flipping houses and couldn't possibly have enough cash saved up. 

Well. Finally. After four years. We have contact! Sat down today with a gentlemen who has a group of 'investors' who loan money to people who are looking to get involved in real estate. He said that all I need to do is go find a home. That's it! Bring me a deal and I'll give you 100% of the money to purchase it, you just fund the repairs. No credit check (eventually there will be, just not now), no debt to income ratio check, no tax return. Just the deal. What do the numbers look like. 

Next step: Let's find a house.