2006-06-17 00:33:21 · 1 answers · asked by Anonymous in Local Businesses ➔ United States ➔ New York City
Visit www.rehabfunding.com
They lend up to 65% of the After repair value (ARV). Generally require a FICO of 620 but will consider lower depending on your rehab experience.
If you aren't looking to rehab, I don't recommend using hard lender money initially since it is going to be expensive.
The alternatives depend on what you are trying to accomplish. I will assume if you are seeking hard money that you don't have a lot of cash to work with and that you want to flip properties to generate immediate cash flow. If that is so, I would highly recommend John Alexander's course (www.paperbiz.com) He has recently changed his pricing policy unfortunately. If you are serious about investing than his Level 2 program is a must. He provides all of the tools (including lists of lenders, etc.) but more importantly, if you follow along his telephone conferences, he will force you to do the steps necessary to get you through your first deal.
A cheaper alternative would be www.uslandco.com You can register for free. They have a good mix of free resources as well as more advanced items that you have to pay for and/or subscribe to.
There is always google. Search "hard money" and you will get a plethora of information.
2006-06-17 01:58:02 · answer #1 · answered by Sam B 4 · 0⤊ 1⤋