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Updated about 9 years ago on . Most recent reply

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4
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2
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Michael Tootelian
  • Real Estate Broker
  • Chicago, IL
2
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4
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Hard money or private lender

Michael Tootelian
  • Real Estate Broker
  • Chicago, IL
Posted

Hello everyone,

Newbie investor here but been a RE broker since 2000. My question is: If I found a fantastic deal on a property, but don't have enough cash to cover the % that most hard money lenders want you to have in, would they or someone else offer to fund the deal anyway? Perhaps if I offered them a percentage of the profit?

Thanks for your reply

Mike

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