I am new to residential real estate investing. I have been doing my homework for the last 6 months and I am ready to begin. I know there are hard money lenders out there that base the loan stricly on the equity that is in the property. Does anyone know of a lender that loans in eastern North Carolina? My credit score is 600.
there are lenders who will lend based on the equity, but this does NOT mean that you come in without money. Depending on your score and stablilty, you may be able to find the financing you need. I hope this helps.