Hello! Help, I need suggestions on where I can find a hard money

Hello! Help, I need suggestions on where I can find a hard money

SC · Member since 2021 · 4 posts · 1 vote

Me and my friend have agreed to purchase a property for 38k with about 25k in renovations. The ARV is 95k. But we want to BRRR, this property and keep it as a long term rental: possibly Sec 8.
Any suggestions on where we can find a hard money lender in SC? We had a lead but they want properties with larger amounts of equity. Help!! We are new at this. 

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  • Lender · Indianapolis, IN · Member since 2019 · 53 posts · 19 votes
    5y

    I assume we can make recommendations on this forum.  I have done business (not as a borrower but in connection with loans) with Morgan at makedeallending.com.  He has been reputable in my dealings with him, and he's in South Carolina.  Not sure if the deal fits his criteria but worth a try.

  • Troy GandeeBusiness Member
    Real Estate Broker · Charleston, SC · Member since 2013 · 795 posts · 454 votes
    5y

    Kelli Garrett at RehabWallet can probably help you with this. A lot of lenders won't want to go that low, but she probably can.

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