Updated about 10 years ago on . Most recent reply
Hard Money Lender
I was thinking about looking into either a privet investor or using a Hard money lender to obtain at least 20% down on a duplex that is worth 109k. I would be looking at barrowing 21k from the Hard money lender and then after the deal is done I was thinking about getting a home equity loan to pay off the Hard money lender and use some to fix things that are needed to be fixed. Is this the best way for someone new to get started in this investment business.
The two unit duplex offers spacious rooms, 2 car garage,a fenced back yard with a play set, and a covered porch.