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I need funding????

February 23rd, 2012 | posted by susangoates

So, while I am waiting for the appraisal on the property under contract I thought I would look at the MLS....Found a smoking deal on a home and want to find funding for it....I don't know anyone with money and I need about 230K....Who do you recommend for lending?

On 11:40am, February 23rd, 2012 reinvestor42 said:

whats your

reinvestor42's picture

exit

On 15:10pm, February 25th, 2012 susangoates said:

I need funding

My exit is to flip the house.

On 15:14pm, February 25th, 2012 reinvestor42 said:

susan

reinvestor42's picture

you plan to fix/flip or flip(wholesale/assign)to another investor?

On 17:12pm, February 27th, 2012 susangoates said:

No, I plan on selling the

No, I plan on selling the home to owner occupants after the renovations. So, I am thinking maybe private funding or hard money.

On 20:53pm, February 27th, 2012 Jan Malek said:

Susan

Jan Malek's picture

I would look for a PML if you are going to L/O the deal. Hard money is very expensive. The going rate out here is 12% to 16% with up to 5 points

On 0:01am, February 28th, 2012 susangoates said:

good to know....I will start

good to know....I will start looking locally for PML - Thanks for the tip!

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