Hard to get a loan to fund a project

5 Replies

Originally posted by @Kevin Tyrone wayman sr :

If a 50k loan investment can gross you 2600a month in income. Just from renting rooms in your basement, why is it so hard to find someone to fund the project, with those income numbers....

 Because the numbers seem unrealistic is the simple answer.

What type of loan are you looking for?  Is it a 2nd mortgage?  Are you looking for a renovation loan?  There are so many variables that it's hard to wrap it up and give you a path for success.