I NEED TO RECIEVE A 25,000 DOLLAR LOAN FOR INVENTORY. I HAVE MY BUSINESS PLAN TO SHOW THE DETAILS.MY CREDIT SCORES ARE 618,642,& EQUIFAX DOESNT HAVE A SCORE FOR ME.I ALSO NEED A LOAN TO PURCHASE FIXER UPPER REAL ESTATE. MY OLDEST CREDIT LINE IS SIX MONTHS.I HAVE NO FORCLOSURES,OR BANKRUPTCIES.I HAVE ONE NEGATIVE ACCOUNT ON MY CREDIT REPORT THAT DOES NOT BELONG TO ME,I AM DEALING WITH THE COMPANY & CREDIT COMPANIES NOW TO REMOVE IT.

I was just wondering, since most hard money lenders lend up to 70% ARV, could their be more equity in the property to pull out if needed in that situation? thanks for any input.

Was just wondering, with all the economy mess today and slow sellers market, how do people really profit from hard money loans, when the property has to be sold in order to make profit? Thanks for any input

I am looking for a hard money loan to purchase inventory and to rent a kiosk in the mall for the holidays for my business. I have tried the banks and they say my credit score isn’t high enough or they would like to see more cash flow. I have high margin inventory as much as 80% profit margin, so I can turn the inventory quickly. Just looking for a company that will lend the money quickly. Please only legitimate answers.

Can I get trillions of dollars in handouts from the government so I can continue to use and lose other people’s money while making for profits for myself?
gcb: I’m always against bailouts…I mean handouts!

Please don’t try to answer this question unless you are personally experienced with hard money loans:

I assume that the following is right. Please correct me if not.

Example:
Need to net ,000 from a HM lender who wants 5 points and 15% for 2 years.

To net ,000, I will in fact have to borrow ,500.

I will pay 15% interest on ,500.

Is that correct? If not, please advise.

Thanks!

I have been trying to find info on the internet about hard money loans to buy houses at an auction for like 2-50K worth. We have some money saved in savings but dont believe we can get a home loan becuase they say if they cant inspect the house which is usually the case with these auctions, then they cant give you a loan, or because the condition of these homes when the people are foced to get out. SO ANY ADVICE OF WHAT LOAN, I HAVE BEEN REJECTED FOR PRIVATE LOAN BY MYSELF, BUT MY FIANCE AND I WANT IN THIS TOGETHER. What are requirements for this hard money loan?
Is is it very likely we could qualify for this loan.
We dont own a house. We dont rent. I own a brand new car, little debt.Fiance just rid of his car,little debt. combined monthly income, ,000. Fiance credit is 690. Mine 715. Only colateral is my car. If they ask for a colateral do they do that when you get the house? as the colateral??

I’m a mom and I’m thinking of doing this part time. I just want to see if it is worth the time away from the kids.

Why is my Question about Hard Money Loans and where I can find a Lender Getting Removed from Yahoo//??
I am not promoting my own business.

But I am looking for some one who know of a Hard money lender or a private investor who does loans in GA upto 75%.

Does anyone need a 10+ million hard money loan? Specifically in the real estate or construction sector?

I am looking 150K to purchase a property at auction. Are there any lenders that do this type of transaction. The LTV is less than 50%
I dont know of any hard money lenders that will loan you money to go to an auction.

Im looking to obtain a hard money loan on my property in Louisiana. Can anyone please help me with finding a company?
Before you ask NO, my property wasnt damaged by Katrina nor Rita.

The reason I need a Hard Money loan is because my credit is poor.Anyone knows of any programs out there?

we are first time home investors. looking for a good hard money loan lender. with nothing out of our pocket except the closing. we are in calif. we want to get big. so looking for someone to get us started
credit score is approx 678. and we are looking for up to 75% of loan so we are fix it up

have 35miles baech front in magdalana bay baja sur …..for very large project shrimp farming …of shore fishing fleet..hotles…and it goes on…on…

waldo sutherland 253 310 7120

Most lenders require hard money loans to be in a city based area. I have found a gold mine property worth twice as much as asking price. Our credit score is in the 500′s.

I am going after hard money deals and wish to learn how to qualify deals quickly not to waste time, so if you are marketing hard money loans please tell me how to qualify prospects thanks

What are the pros and cons? I want to buy a foreclosure and do the repairs, but don’t just have the cashy laying around to do it. Is this a good option to take?
Thanks!!!
Sorry I should have clarified. I want to live in the house once the repairs are complete.
When the market picks up I want to use the equity in my home to purchase my next property.

I am looking for hard money loan base on equity as collateral.What are the common fees I should pay

Are the interest rates higher? Are there websites available?