Hard Money Lender - Posted by Shadrick Bowe

Posted by Zidzi on June 04, 2001 at 20:47:53:

Shad
Just a brief note here. You do realize that Hard Money Lenders will usually only lend 65% of the value of the property? Would this work for you?

Hard Money Lender - Posted by Shadrick Bowe

Posted by Shadrick Bowe on May 31, 2001 at 10:54:44:

How feasible would it be to find a Hard Money Lender that would lend the money to purchase say 6 brand new homes to turn around and sell using owner financing and dump some of the notes to pay the HML off? Would this be a good idea to try? Any response would be appreciated.

Thanks,

Shad

Re: Hard Money Lender - Posted by Terry(IN)

Posted by Terry(IN) on May 31, 2001 at 12:08:03:

Shad,

You don’t need a Hard Money Lender in order to do what you want to do. Find your seller; find your buyer using seller financing and do a simultaneous close, selling the the note to a note buyer at close. If you need more information, email me.

Terry(IN)

Re: Hard Money Lender - Posted by Shadrick Bowe

Posted by Shadrick Bowe on May 31, 2001 at 13:26:24:

Terry(IN),

I won’t get a deal on them if I buy them individually though. So I kind of need to buy them first … then sell them. Any ideas?

Thanks,

Shad