Hard Money Lender needed for purchase.

Thank you so much!

What part of northern Indiana? PM me and maybe we can work some deals together!

I live about 15 min from southside, south bend

Thanks for everyone's help!

Hello Nathan , Ive seen you talk of hard money on edge 2010 dvd's . I've been makinmg offers on properties for three months now , but have found that I need proof of funds letter to make an offer on a foreclosure . I have realtors sending me alot of these deals , but I guess I'll need a hard money guy and proof of funds ?? Any suggestions? Also thinking of working with you or someone from DG's RESA.I think training will get me "there" faster. Larry G.

Larry,

Proof of funds is easy to obtain. I use a couple of websites for the proof of funds:
www.coastal-funding.com
www.insiderscash.com
The proof of funds are free. Keep in mind that if you use the proof of funds it does not mean you are tied in with that lender. There are occasions where you may not need the financing and may use someone else's financing.

Joining the academy is a great idea. You get to learn real estate quickly and get to learn our mistakes so you can move well in the business of real estate investing.

can your hard money lender help in Michigan we need help.
I met with over 6 investors that want to work together as a team and were very organized but we need help to purchase.... so If you have the hard money lender you were talking about that would be great... thanks Jimmy

I'm looking at investing in florida, I've been talking to a real estate agent in daytona beach and she sends me listings of bank owned properties, I want to look for hard money lenders to purchase some of these properties. I am assumming that you need a deal under contract to present to a hard money lender is this correct? so I told my real estate agent that I wanted to start making offers on properties,she told me that I can't make any offers on properties unless the bank knows where the money is coming from because they don't want to waste their time filling out contracts if they don't know if you can get the money, is this true? I thought I could make offer's on properties putting contingent on finding financing.

Have you tried to use a POF from http://coastal-funding.com/ We have used their POF letters a few times.

Steve.

Hi, Guy's , so your saying to use the proof of funds letter to make an offer, and if the bank accepts my offer then I would try to locate financing, what contingency would I put in the offer if I couldn't find financing, or would i use this method to wholesale properties? I was thinking of buying and holding, until the market recovers.

I contacted a hard money lender in Fort Lauderdale Florida, and they wanted 20%-30% down! I thought the whole idea of hard money was they lend on the asset, so actually their no different than a bank, maybe not all private lenders are this way, but this one was, kinda dissapointing.

As stated in this forum they do exist that way. You hit one that was basically a private public bank that is more traditional and more costly. From my reading they vary from what you ran into with additional fees to 100% with the fees but those are scarce .

pdawg,

check out this thread; apparently Coastal Funding has been 'over-used by newbie investors'

http://www.deangraziosi.com/real-estate-forums/buying-foreclosures-reos-...

wishing you success,

valerie

The POF letter from CF is just to get you in the door. If you live in an area that CF was over used that will not work for you. You do need to have a plan. I used the POF from CF just to get my cash offer accepted. I knew I had a way to get the cash from another sorce. Plus the area I had made the offer on the house useing CF was a small town and it worked just fine. Not everyone buys in a big city.

You must have a plan in place before you make offers.

You want to buy and hold. Do you have the credit or cash to go that route.

If you want to wholesale do you have buyers lined up to buy the property in less than 30 days.

I hope that you get some deals soon.

Steve

i am new to this web site and must say that i could not help but to continue to read about so much knowledge and helpful insight. i shall be taking aa active role in this chat forum thus forward. god bless all of you and lets make money doing what we enjoy and helping others along the way.

has anyone used a HML that they can recommend?

thx

valerie

Hi jimmybtx:
I am interested in the lender you mentioned, can you share their information with me, please?
PM me.
Thanks,
Ernesto.

here's a list of some HML from the REI.com

http://www.reiclub.com/hard-money-lenders.php

wishing everyone success,
valerie

Jimmybtx was discovered to be a scam artist, one DGer that used him is still suffering. Be careful!Real money lenders rarely come to a new investor website.

Michael Mangham
MD Home Acquisitions LLC

I am looking to raise $250,000 for a down payment for a 12 units apartment
building in Lynn Massachusetts, with a return far above what most investment offer.Do you know of any one who would like to invest ?