My husband and I are looking for a hard money lender in Florida. We’ve been working with one but can’t seem to get the deal finalized. We have found the home which is 40,000 and the offer accepted. We also have $15,000 for down payment. Help!
Hard money lenders lend money that is how they make their money unless there is something wrong with the deal. What reason did they give you for why they don’t finance the deals?
Bluemoon,
My guess is the deal is too small…Remember foreclosure costs (legal fees) are the same if the loan is 40k or 400k…Point being you want to make money on a loan…Not a few k…never mind if this in a so so area…I would not do this deal
Cjterry I’m also looking for hard money. The resources on this site is kind of shady so let me know when u find a real one and I will let you know if I found one as well.