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Updated about 11 years ago on . Most recent reply

Account Closed
  • Real Estate Investor
  • boston, NH
32
Votes |
401
Posts

Hard money commercial deal?

Account Closed
  • Real Estate Investor
  • boston, NH
Posted

if i found hard money lenders to cover the cost for a 15 unit apartment should i do it if i can prove the numbers work?

currently i am broke and have no credit

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Joel Owens
  • Real Estate Broker
  • Canton, GA
11,276
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Joel Owens
  • Real Estate Broker
  • Canton, GA
ModeratorReplied

Derek it's simply not going to happen with hard money lenders.

They want skin in the game and you have zero experience unless you do and you just forgot to mention that part. Do you have other properties you own that have equity that can be put up as collateral??

Sounds like at this point maybe you get under contract for a good price and assign it for a fee to another buyer to build up capital.

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