Looking for Hard Money Lender in Missouri
I am looking for a Hard Money Lender to fund my first fix and flip property. I do not have a specific property yet, but I am getting a head start. I do not have much capital for a 20% downpayment yet. Does anyone have any recommendations, thoughts, or tips? Thanks for the help, everyone!
Do you own any other properties?
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Property Manager
- Pryceless Ventures, LLC
- 808-366-5421
- [email protected]
In St. Louis I hear Faster House gets rave reviews...Although, they will want good credit and about $10,000
#1 All Forums Contributor
- Investor
- Virginia
@Riley Smith
Going to be near impossible without either down payment or other assets to secure as at that point it’s unsecured and really no different than a credit card
Hard money lenders want their loans secured
Hey Matthew, I do not. It will be my first investment property. However, my wife and I bought our residential house about a year ago. There is not much equity to pull out due to only living in it for about a year.
Thanks for the response Chris! Yea most lenders have told me to build up capital which is what I have been doing for a while. It takes time to build 20% down plus extra costs and fees. I was hoping a lender could finance 100% of it plus the rehab.
I can help with the loan provided you have decent credit. As far as the gap funding portion start networking with investors with capital but needs a deal and do a JV with them. There is always asking family or friends if that is an option.
Hey @Riley Smith,
Just saw this pop up and wanted to reach out, I might have a program that fits. Just shot you a DM if you are still needing help with this.
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Lender
- LoanBidz.com
- 417-427-2612
- http://loanbidz.com
- [email protected]
Quote from @Kathy Utiss:
In St. Louis I hear Faster House gets rave reviews...Although, they will want good credit and about $10,000
Do you have a link to their website? I only saw a wholesaler when I searched
I guess they are two separate businesses at the same address. One is Faster House and Faster Funds. For lending it's www.fasterfundslending.com. https://www.fasterhouse.com/