Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

5
Posts
0
Votes
Khalil Hakim
  • Atlanta, GA
0
Votes |
5
Posts

Need a lender I have equity but I have bad credit

Khalil Hakim
  • Atlanta, GA
Posted
I am in need of a hard money lender in Houston but my credit is Bad. I have equity and cash to finance up to 40% of all flip expenses.

Most Popular Reply

User Stats

3,820
Posts
4,480
Votes
Cody L.
  • Rental Property Investor
  • San Diego, CA
4,480
Votes |
3,820
Posts
Cody L.
  • Rental Property Investor
  • San Diego, CA
Replied
Originally posted by @Khalil Hakim:

I am in need of a hard money lender in Houston but my credit is Bad. I have equity and cash to finance up to 40% of all flip expenses.

PM me. I do some private lending. My criteria is simple:  If this person stopped paying, and I had to take the property, would I be fine with that?  If so, I do it.  I don't care if the person has 800 credit or 0.  If 'worse case' is I get a property that's worth more than my loan, it's 0 risk. 

(I remember trying to refinance properties I had in cash when lending was difficult. Banks would give me all these objections. I'd be like "Then finance me at 50% LTV. Then if I don't pay, Merry Christmas to you". But none would. Idiots ;)

Loading replies...