Hi we found hard money lenders in many places,Our real Estate Broker, Our Mortgage broker gave us some contacts and also real Estate Attorney’s although you have to be careful witht the Attorney’s as they will sometimes “pad” the deal so that they make a profit making it less profitable for you. We were able to find “hard money” at 2 pts and 8.5% which actually ended up costing less than a convential mortgage with all the closing costs. Hope this helped
1 post found
htlheinz writes, May 11, 2008: (1 post)
(Topic: Beginners or Bird Dog / ready to get started)
Hi we found hard money lenders in many places,Our real Estate Broker, Our Mortgage broker gave us some contacts and also real Estate Attorney’s although you have to be careful witht the Attorney’s as they will sometimes “pad” the deal so that they make a profit making it less profitable for you. We were able to find “hard money” at 2 pts and 8.5% which actually ended up costing less than a convential mortgage with all the closing costs. Hope this helped