Posted by ron on January 01, 2005 at 11:06:05:
email me your email
and I will email you 3 that I have.
What is hard money lending? - Posted by Curious
Posted by Curious on December 31, 2004 at 16:42:17:
What is hard money lending?
Re: What is hard money lending? - Posted by Ron
Posted by Ron on December 31, 2004 at 22:29:46:
I am sure others can give you a better explanation than me, but here are some examples.
For example if you got private money from friends, family, or investors for 3-4%.
hardmoney is usually much more than private money
it often is 12-18% and many times you have to pay 4-5 points and can be short term financing. The nice thing about hard money is you are usually approved very close to automatically by simply securing the money by a 1st mortgage at 65% on a property at you can purchase at 65%, as the hard money lender sees this as little risk, where as they would get the property back, if you didn’t pay.
Re: What is hard money lending? - Posted by none
Posted by none on January 01, 2005 at 08:50:49:
where would be a good place to find these hard money lenders?
Re: What is hard money lending? - Posted by jasonrei
Posted by jasonrei on January 01, 2005 at 14:44:12:
I believe there’s an article on this site that gives suggestions.
I found my HMLs at my local real estate investment club meeting.