Posted by POP on March 31, 1999 at 15:09:20:
I think I may have my terminology a little mixed up. I have access to private funds at a rate of 7 to 7.5% to purchase these properties. I was thinking of “hard money” being non-institutional money. Sorry for the confusion.
Does this change your opinion? As I said, any suggestions on how to bargain down the seller so that I only have to borrow up to 80% LTV or so up front would be most appreciated.
Thank you for your time.