Anyone here in Southeast Wisconsin (I’m in Greenfield) have some that can be used for deals (either rehabs or short-term sales for wholesaling to other investors) ? Or have a good way to them around the area?
Steve,
I take it you are looking for a HML in WI. Sorry, I was a little confused but believe that’s what you need.
There are several lenders for the area. Are you sure you need hard money? Either way, let me know and we can get you in touch with the right people.
Well, I’ve been reading about the Fed regulations about double closings and how this would affect doing something like wholesaling now. Basically, I need to have the money in place to buy the property and not use the buyers money to pay the seller, if I’m reading it correctly.
So I’m basically wondering if I should use hard money lenders for that part of REI, or try to find a private lender for those deals I just wish to sell to another investor.