Question by : Where to find good hard money lenders? Im looking into investing in real estate soon. I want to know, how can the seller who's house is under foreclosure afford to loan money to the buyer for repairs? Also, where can you find good hard money lenders that will loan you money for repairs? Best answer for Where to find good hard money lenders?:
Answer by Al
You are better off taking cash advances on your credit cards. The interest rate will be lower and if you default, they can't put a lean on the house until they've won a civil judgment against you which should be WAY after you've flipped the house.
Answer by Glenn S
What state do you live in?.....try Union Home Loans I'm not recommending anyone, but here are a couple of sites. Enter at your own risk
Answer by Mike
A lot of states, mine included, have usury laws that prevent hard money guys from charging outrageous interest rates. You might want to join a local landlord/re investors group to network.
Answer by Sterling Hall
Here is a nationwide Private Money Lender. They fund for rehabs and etc.. If the deal makes sense there is a good chance you can get funded. http://pmbintl.com/Sterlingcf/
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mortgageapproved.blogspot.com Hard Money Loan - Real Estate Investing Using Hard Money Loans
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