Hey DG Family,
So before you see this post and think...haven't we seen this already? Know that I've done my homework! I have searched this site and called all the related posts and still having difficulty tracking down what I need.
I have a house under contract. Yes, I'm open to finding a buyer. But I also need a back up hard money lender ----as I may keep it and rehab it myself.
It is a great project!
Here's the deal ---see my DG site links below ---all of these are awesome posts, but I have called the hard money lenders that happen to apply to TN (not too many) and what I've found is due to recent economy/circumstances many are no longer lending. I've done internet searches too, and called all the ones that have popped up and their first response is "we're no longer doing any type of loans, hard money or otherwise"
--To use hard money to rehab current house I have under contract
--Need a hard money lender that services TN
--Need one that gives money to rehab single-family homes (not just commercial...everyone does commercial!)
--My property: a win/win
Price I pay: $32,500 + closing costs
ARV based on 8 recent SOLD comps: $113,800
Here are some great posts on Hard Money that I have already turned to (and called every one of them that apply to TN):
Awesome post by official coach Nathan Street: http://www.deangraziosi.com/node/4080
Another awesome post by our beloved Anita!! http://www.deangraziosi.com/node/4452
Left a message for this one out of SC and hoping he works with TN!! : http://www.deangraziosi.com/real-estate-forums/investing-journals/16497/...
And another post: http://www.deangraziosi.com/real-estate-forums/financing-and-credit/2372...
Thank you in advance for any help you can offer!