user6435515's Advice

Contributions are sorted newest to oldest.

  • 2 Contributions
  • 0 Best Answers
  • 0 Helpful

user6435515 wrote:

I am trying to get a loan for 50,000 to flip houses.

Response
First off thank you both for your responses A private lender is a possibily. But I would think they would want some type of collateral being the home. But I would be putting 20-30 down to acquire the property and 20-30 for repairs. Idk how that would work on the collateral part. Hmmm ill look into the IRA. Might seem wired for a 19 year old to have a IRA LoL
October 22 2012
(0)
I am trying to get a loan for 50,000 to flip houses.
I have connections that have the properties and rehabbers ready to go...... All I need is the cash... The properties take no longer than a month to re hab and sell..... I have never had a loan before so I have no credit. Is there any lenders out there that can provide this equity.
September 05 2012
(0)