Need Help Finding Private Money or Hard Money
Hello everyone,
I am just getting started with real estate investing and have got one property under my belt here in Chicago. Everything went pretty well and I am ready for another one. I don't think I post the loan scenario because that would be soliciting, but I need some help finding a Private Lender or Hard Money lender. I have a couple exit strategies in place, taking on some equity partners on, in exchange for using their credit to do a cash out refinancere. Im trying to get the property quickly and rehab it. I got a little money to put towards any fees and earnest money, but I can't put down 5% or 10% some of the lenders have been asking for. I got a lot of equity in the property 48% ARV Equity equals 70000. Any suggestions would be much appreciated.