In many of the hard money sites I have visited they require a certain basement price on a property to provide a loan. Say 60,000 to make the loan.
I have an opportunity to pick up several properties in my area for under 40,000 and as low as 10,000.
THE QUESTION IS:
Will hard money lenders make a loan for several purchase prices added together to meet the minimum requirement to secure a loan??????
PLEASE SHARE ANY INFORMATION YOU ALL MAY HAVE TO THIS SITUATION!!!!!!!!!!!!!
I am very curious to the answer here, didn't want to wait the weekend to find out next week by phone calls.