Looking for Short term loan - closing ASAP OR Oct 18

[Danielle Odagbodo]

Hello, I'm trying to buy this property in Baltimore I was wondering if anyone on BP could do a short term loan for the purchase and after we renovate and rent the property we cash-out/ refi into a 30-year note to repay this loan.

The rents in the area are about $1000-1300 monthly and the property is on a good block in Baltimore

purchase price is $25k

ARV $110k

I am looking for a private money short term loan to close by Oct 18

Danielle Gaynor, REALTOR/Investor

Thanks in advance for all help!!

[Jay Hinrichs]

those small of loans are tough.. there is no money in them for the lender and the risk / reward does not usually work.

this is almost credit card money frankly.. 

also be cautious of those contacting you saying they are private lenders and can do the deal but you need some upfront money those are frauds and you will lose the money.