My partner and I are looking to expand our single family rehab business. With the lenders tightening there requirements, we are looking for other ways to fund our purchases and rehabs. We have not used private lenders or hardmoney lenders before. We are located in Northeast ohio. Any advise, or companies out there?
Hi, I too, am a Rehabber and we rehab all types of homes, right now I’m just getting started and am under the tutalege of Armando Montelongo. We have been recieving coaching and tips from him but we are stuck because we haven’t been able to find a hard money lender that won’t look at my credit but will only look at the deal.
Where are you located? It sounds like you may be credit challenged. How about liquid assets? Do you at least have liquid assets to make up for the fact that your credit may not be good. Will send you some additional questions by email.