Updated over 8 years ago on . Most recent reply
Hard Money Loan Question
I was scouting online for financing (mostly hard money) for acquiring rental units. I see many sites have loan programs titled "FixNFlip". With those programs, are you required to use them if you instead decide to refinance after a rehab? I was looking at Lima One Capital, for instance, and their rates seem to be reasonable (at least on the website) compared to some of the others I have found. Has anyone used them? I haven't found too many online hard money lenders that lend in West Virginia (and definitely not local WV hard money lenders).
Most Popular Reply
Sounds like you are putting a lot of limitations on your investment strategy. There is no such thing as "no money down" real estate. In reality, money has to come from somewhere to do the deal. Hard Money still costs you money and if you can't perform, they get the house.
Check out Epic Real Estate Investing. They have an owner finance deal going on with turn-key properties.