All the postings about Hard Money for Re-habs are great…but I need something a little different…
I have investors that buy houses with hard money and flip them within 48 hours…
The hard money lender(s) they deal with typically charge 5% - do not require credit pulled, etc…and won’t fund the deal until they know docs are at the title company for the second side closing.
My investor would like me to find resources for this type of hard money and I don’t see anything on the forums about this type of $$.
If anyone has any resources or ideas…I would appreciate it.
EARN 15% GUARANTEED RETURN
Safe alternative to bank CD’s, IRA’s etc.
Secured by high equity real estate.
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Meet with the pre-screened responders and explain your offer. Just imagine, you have worked hard all your life as a doctor/lawyer/contractor/etc. and saved for years to retire. Your bank will pay you maybe up to 5% for some type of savings account. If you get an opportunity to earn 15% APR, guaranteed by houses with a minimum 40% equity, are you going to turn it down? Especially if, as it sounds to me, you have an excellent track record of making these deals work. Good luck!!!
Sorry if this offended you or anyone on the forum. I think it’s defamatory to say that I would post a “money laundering” swap. I have an investor who legally pays for a property in cash/through investor fundes then turns around and sells it to an interested buyer. What exactly about that is money laundering?
I really though I had a valid question for the group of investors on this forum - we’re all here to find new revenue streams or we wouldn’t be “investors” correct?
I will not post again regarding any ideas on legally making money.
Hey MortgageGal!!! Sometimes people are less tactful than they could be, but that is no reason to abandon a good thing. I have a good friend who has given up on real estate investing because someone did not want to pay him a bird dog fee. Imagine that, giving up on a dream because of someone else!!! In the future, just stick to the forum rules and you’ll be fine. Good luck!!
Please do NOT use the forums to barter services or try to line up deals. Take those discussions off-line. Every memebr of these forums has a Private Message box…please use them!
Keith I found this whole discussion very informative and dont understand why questions cannot be asked and answered right here for us to see from start to finish…you know a learning tool.