Updated over 8 years ago on . Most recent reply
Hard money South Bend, IN
Hi all!
I'm interested in starting the flipping business. The problem I keep running into is finding a hard money lender that can offer less than a 20% down payment.
If it's allowed and if such things exist, does anyone know of a reputable lender in northern Indiana?
If you're not allowed to give that kind of information, my true question is, is there anyway to find hard money lenders in local communities. I have Google searched and have found a few larger companies that run 20% down.
Any information on dohardmoney.com would be fantastic too. Through my research, I've found that DHM has done some good for some and some not so good for many more.
I have this unbeatable deal that I can't pass up on, but I cannot find the funds for 20% down. And while I'm here picking brains...if a hard money lender states 85% of purchase price and 100% off rehab, does that mean they require 15% down on just the purchase price? Thank you for your time and suggestions.