Help with an investor need financing - Posted by melissa

Real Estate Investing Real Estate Financing
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Posted by John Corey on May 03, 2006 at 02:25:32:

Melissa,

If you assumed that subject-to and hard money does not go together you would largely be correct. I do not know of a hard money lender in the residential sector that will offer a second. OK, I do know of one exception but the CLTV was something less than 60% based on the as-is value.

If your client is buying subject-to then all they should need is some cash for repairs. Best to try Home Depot and other such firms to finance the repairs until the refi come into play.

John Corey

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Help with an investor need financing - Posted by melissa

Posted by melissa on May 02, 2006 at 09:58:32:

I am a mortgage broker, I am new to the investors in the business I have an investor that has bad credit investors that buys the home with a subject 2 then puts the work into it and then refinances the loan 2 months later to get the profit. My main question is what lenders will do a hard money subject 2? Thanks