Posted by Sharon on September 13, 2003 at 09:19:18:
Hi Milo,
These type of lenders are called “equity based lenders”. If you do a search on google.com on “hard money lenders” I’m sure you will find plenty of lenders. Also there’s a site called hardmoneylenders.com that you might want to check out.
Good luck to you.
Sharon Jones
Real Estate Investor
St. Louis, Missouri
Posted by Milo Tallon on September 10, 2003 at 22:07:42:
I have been learning the real estate business over the past few months. Lots of cold calls on ads, signs, etc. A couple of times there were deals where I could get in for 50-60 % of the real value but they had to have all cash. I didn’t have it.
I live in TX and now I hear that there are “hard money” lenders that will lend (not with great terms) on these kind of deals based primarily on equity. Is this true??
If so, how would I go about finding these guys. As I get better at talking to sellers, I know I’m going to keep running into these discounted deals.