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Updated almost 14 years ago on . Most recent reply

Darrin Smith's profile image
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Darrin Smith
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Darrin Smith's profile image
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Darrin Smith
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  • from Crofton, MD
  • Member since Aug 7, 2011
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  • Votes 2
  • Experience 14 Yrs
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Darrin Smith
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  • Crofton, MD
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Private Lending & Conventional Mortgage Advice

The Use of a Hard Money Lender

Darrin Smith
  • Investor
  • Crofton, MD
Posted

I seen a property that I would really love to get as a investment property. It doesn't need any work done to it and the seller is motivated to sell it. However I dont have the funds to purchase it. Will a hard money lender allow me to purchase this with no money down, then I refinance?

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J Scott
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J Scott
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J Scott
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  • Sarasota, FL
ModeratorReplied

If I were an HML, the first question I'd ask you is: If you can't get a loan to purchase it, how do you expect to get a loan to refinance it?

  • J Scott
  • Podcast Guest on Show #2024
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