I need help really bad. How do I get a private hard moneylender? I have talked to some of them need me to have 10% down and my credit isn't in a better shape either and on to to that I have no job. I have a real estate agent that is working with me, We have come across a few really good deals but no one to lend to me so I ended up losing the deals.One of them was as recent as last week. It was a bank own fixer property, listing price was $89,900, was a 4 bedroom 1.5 bathroom. The estimated value of the house was $211,907. All it really needed was new carpets, paint and landscaping. I have no moneylender to lent to me because I don't have 10% or a skin on the game as some of them calls it. Is there any idea or advice can anyone can help me with? I would really appreciate it.
I am looking for someone that will offer 65% LTV.
I do fixer homes and then turn around and sell them. I am looking for hard money lenders (Privavte) to help fund the deals on Short term loans while I repair the houses and sell them. Duration is 2-6 months. I need loans that can cover acquisition and repair costs. I generally target homes that are around 50-60% of market value. Loans secured by First lien on deed. I appreciate every help and advice.