Posted by Hank on February 18, 2002 at 09:29:27:
You don’t need them to get hard money. Go to a local REIA meeting and they should be there.
Here are typical terms:
15% intrest only payments. 3 year balloon. 3 month pre-payment penalty in the 1st year. 65% loan to (after repair) value.
I’m trying to find out about homevestors money so I can get to know the competition as well as I can.
They have billboards up just about every half mile in my area ( Tampa / ST Pete.). TV spots as well.