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Updated almost 6 years ago on . Most recent reply

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42
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Nate Ginsberg
  • Rental Property Investor
  • Leominster, MA
22
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42
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Finding private aka hard money lenders

Nate Ginsberg
  • Rental Property Investor
  • Leominster, MA
Posted

I’m about to close on my first deal - a duplex house hack - and already found a solid second deal, but don’t have 20% to put down as an investment property. Thinking a hard money loan to cover the downpayment and reno costs combined with a commercial investment property mortgage might work though. One problem, how do I find a hard money lender to work with?? Anybody else found themselves in my position when you were starting out? How did you work it out? Thanks in advance!

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104
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48
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Jeremy Holcomb
  • Rental Property Investor
  • Somewhere
48
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104
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Jeremy Holcomb
  • Rental Property Investor
  • Somewhere
Replied

@Nate Ginsberg I do believe @Frank Y. is correct you won’t find them to do down payment/Reno cost as a second lien holder. However, you might find one to do the whole loan. 

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