Posted by Marcos on September 23, 2003 at 16:38:21:
I would recommend at this point that you’re not quite ready to do a deal with a Hard Money Lender, I would instead try to find a partner to joint venture on this deal with. Find someone who can put up the cash for a return. Or perhaps even someone who can put up the credit for a return. But, most Hard Money Lenders would not lend you money based on your shaky financial setup. Contrary to popular opinion, most Hard Money Lenders DO want you to pay them back. They do not wish to get the property back.