what Christopher says is true to some extent, private money lenders will look at a recent appraisal especially when you have cleaned up the foreclosure and if its rented.

Especially with things that people hope to get when they retire being in trouble(social security, pensions....etc) To survive in the world today you can only  be 4 things.....1.

You won't be able to make a purchase with a hard money loan, you may want to seek private money.

The issue about security deposit and repairs has been going on since then.

Hello, As a newbie what percentage should I expect to a private lender?

Shelter is one of the basic human needs, hardwired way down in the lizard brainstem.You're showing up after years of allowing him to feed his innate tendency to believe that your place is his permanent home for many years, and at some point you're going to present him with the panic-inducing proposition that this is the end of his housing security -- you're not going to be renewing the lease.Ideally, he'll get over it.

(Flippling, Wholesale, Buy and hold, Syndications, Private Lending, etc)Good luck!

Hi All,My name is Kristen Graham and I currently reside in Dallas, Tx working as a private equity fund accountant.

I am considering a hard money loan to acquire it and then finding a private money loan to hold it and pay it off.

To qualify, you are going to need a sponsor/loan guarantor who meets these requirements to sign on the loan.Your best bet is secure a 20% to 25% down commercial loan, raise money to fund the down payment, and find someone to sign on the loan.