Creative Real Estate Financing

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Alex Tijerina
  • Contractor
  • Flower Mound, TX
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What kind of loan should I get?

Alex Tijerina
  • Contractor
  • Flower Mound, TX
Posted Aug 30 2014, 18:09

I have inherited a property in Dallas, Tx. This property has a tax lien of $10 k and is in pretty bad shape. I need to rehab this property to be able to do anything with it. I have no dept and my credit is really good. I just have no clue on what type of loan I should get to rehab the home. I read about hard money and private lenders but don't know if I should seek their services or deal with another source. I am really careful with not getting credit cards but I know I need to get a loan of some sort to get this project going. Any advise would be appreciated. And I would like to rehab the home pull out equity and rent it out. Its a good investment to get me going into this new venture.  I am new to BP and in just a few hrs have absorbed so much information. Truly grateful to be apart of this community.

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