Real Estate Investing Forums

Real Estate Investing => Financing, Hard Money Lenders, Private Money => Topic started by: 1fatjoe on June 08, 2006, 06:08:52 am

Title: Hard Money plans
Post by: 1fatjoe on June 08, 2006, 06:08:52 am
Hello guys.... does any of you guys have any information on any nationwide HML's or any that lend in Michigan?
Thanks in Advance!!
Title: Re:Hard Money plans
Post by: Central States on June 08, 2006, 08:24:35 am
What is the need for the Hard Money? I know several of lenders including myself but need to know specifics to determine whats best for you. I specialize in Rehabs and New Residential Construction myself.
Title: Re:Hard Money plans
Post by: 1fatjoe on June 08, 2006, 03:37:18 pm
I am looking for hard money to finance bank foreclosure deals that I have. I need a pre approval in order to work with the guy who will be providing my leads. He is on the Michigan board of REO Realtors in all 3 of the major counties, he is currently sitting on over 500 properties and has acess tomany more. All I need is financing and I can make some deals happen.  Thanks in Advance!!
Title: Re:Hard Money plans
Post by: JOHNNY Q on June 28, 2006, 05:59:03 pm
Why not get the property in foreclosure before it become REO.
Title: Re:Hard Money plans
Post by: 4R Management on June 28, 2006, 09:57:31 pm
Besides my sig block... you can also check out the list of hard money lenders on this site.
http://www.reiclub.com/hard-money-lenders.php
Title: Re:Hard Money plans
Post by: 1fatjoe on June 29, 2006, 03:58:58 pm
I would love to get them before the foreclosure but I need some type of proof of funds in order to complete a short sale. What do you suggest?
Title: Re:Hard Money plans
Post by: 4R Management on June 29, 2006, 04:01:25 pm
Most reputable HMLs or Banks will have a "pre-approval" process that you should go through, in the end they will give you the Approval Letter you need to make your offers.
Title: Re:Hard Money plans
Post by: JOHNNY Q on June 29, 2006, 04:23:42 pm
Get approved or find partners or get a group of people like a real estate investment trust.
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