Help! in Ohio With Hard Money Lenders/Brokers - Posted by TB
Posted by TB on June 03, 1999 at 09:27:14:
Specifically, Mahoning and Trumbull County. If anyone knows of a broker or private investor that I can contact, please let me know. I am a contractor-Plaster and Drywall, with over 20 years experience. I have my eyes on several vacant and boarded-up homes (boarded for quite a few months) that I’d like to fix-up and rent or flip. But before I approach the owners and make any offers for all cash, I’d like to have private money ready to back up the offers. The strange thing is, I have looked in several newpapers in my area, and have not seen any listing for ‘hard money.’ AMAZING!! If the following terms below are acceptable, I would appreciate all those who are successful in the rehab area to send me e-mail addresses or put me in contact with hard money in my area, so that I can make cash bids, buy and rehab these properties. Here is what I’m willing to pay for the use of this money:
interest only 15-18%
terms 12-18 months with a balloon at the end
seasoned; 3-6 months if need to
Futhermore, I’m willing to do what it takes to get this money for these properties, and there’s a lot of them.
So, thanks to all of you pros out there who know this business are successful at this business and you’re willing to take the time to help us newbies take the next step to success. Hats off to YOU!!!
P.S. This is the best learning site on the net! I’ve learned a lot and now ready to jump in with both feet. Look for more posting by me in the very near future