Sep 242011
When a person is looking to buy a fixer upper house these days they usually need cash or a hard money loan. A house that needs repairs is not eligilbe for conventional financing. I am always looking for investors that have CD’s or IRA’s that are not earning them much of a return. They can lend me the money at 12% secured by a property with equity. The loan to value on a private loan usually will not go higher than 65%. That leaves plenty of room in case something doesnt go the way everybody is hoping for. If you a person who isnt earning a high enough return on your money then please so me the money. Here is a clip from a movie that I like to watch once a year.
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