If I have poor credit, will a lender give me a hard money loan to invest in real estate?

Jun 14, 2009 in Hard Money Loans

Does a person's credit score really matter if they are taking out a hard money loan to rehab a house and quickly sell for a profit?

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2 comments

bkrboyz on June 14, 2009 at 2:08 pm

NO !! and if they did interest rate would be unbearable.
Landlord on June 14, 2009 at 2:08 pm

The hard money interest rate is going to eat up the profit, especially in this market where it can take months to sell. Can you make the payments if the house sits for 6 months?

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