I am 100% disabled veteran looking to hard money, I need help please
hello,
I am new to this site. I am disabled vet from United States marine corps. My husband and I purchased a fixed upper in midtown houston. The property has a duplex and single family home on the lot, so it's like we had to rehab two houses. We have completed most of the renovations with our own money. We made a lot of mistakes and ran into a lot of issues along the way, We have now run out of money. We need about 20k to finish up. I tried going through the texas vlb and va. I have a mid 600 credit score, but have a few charge offs that are 6 yrs old, so I was denied. At this point, we are looking to maybe get a hard money loan, finish the rehab, improve credit and refi through va. I am not familiar with this process at all. Can anyone offer any assistance as to how to proceed? Please.
Thank you
Most Popular Reply
You really need to consider all of your options and speak with someone trustworthy and experienced who can help you make a decision before you move forward with this. It sounds as though you are in a fairly precarious position, and taking out a hard money loan without being familiar with the process seems like a recipe for you losing this house and more.