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Duane A. Snow
  • WI
24
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74
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Need Private Money Lender Asap

Duane A. Snow
  • WI
Posted

I have never looked for lending this way, but I have a property that I want to buy ASAP the is on the lake. Lake homes are about $900,000 to 5,000,000 on the lake. This home is distressed and listed at $419,000. If I can get for $450,000 and put in $50K to $100K I could refinance, sell, would like to use as Short Term Rental. Any way to help me get in the game on this would be GREAT!

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Replied

Hi Duane! Are you looking for a private lender to fund the entire deal or do you have cash available to put into the deal? Hard money lenders can usually go up to 90% of the purchase price and 100% of the rehab budget, depending on credit score. I'm not sure of the entirety of your situation, i'll DM you! 

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