Does anyone know where to find hard money in the houston/katy, tx. I am looking to buy a rental but I dont have the money for a down payment so I was going to buy a home that needs a little work with hard money and refinance in 45-60 days. I have found some hard money but the will only lend 50% or less. I was trying to find one that lends at least 60-65%.
I deal with some people in loans and they do them most any where
But asa rule with the way things are now they only go for about 50 to 60 %
And they charge a 500 to 600 .00 no refundable fee to look over your packet
As they do a title seacrh and in some cases go to the property in person
If it is close to one of there branch loan people ( field reps )
And some people i know do have a hard time with the paying of the fee with submitted posible deal
But they are not going to work or do work on a project to find it may no go and do all the work for free