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Have you ever needed cash immediately for an unexpected expense or an opportunity that’s too good to miss? Whether it’s rehabbing a property, putting a deposit on an option, or taking care of costly repairs, one way to get quick cash is through a home equity line of credit. Another is through a hard money lender. Hard money lenders are in the business of quickly funding deals that make sense to both them and you.
I recently learned about money4investors.com, a new website that lists over 7,000 hard money lenders. I personally have no experience with them and, as I always say, before committing to anything, always do your due diligence. If you do look into what they offer, let me know what happened.
July 6th, 2007 at 2:03 pm
Hi, i looking to buy a shortsale from the bank. The house is being sold to me at 70 % loan to value. I m trying to find the best financing to purchase this house. Can you help?
July 13th, 2007 at 12:39 pm
Hello,
Have you discussed with the bank you are trying to buy the property through if they would be willing to finance this purchase? Where is the property located? That would dictate who I would suggest you contact for the best financing options. With the lending market being what it is, you might consider going with a private lender/investor. You could meet them at a local real estate investor association meeting. Visit the National Real Estate Investors Association web site to find a local association near you. Hope this helps. Good luck. Lisa