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Author Topic: Hard Money Loans for cheap rehabs  (Read 4213 times)

Offline flinvestor37

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  • Posts: 5
Hard Money Loans for cheap rehabs
« on: July 07, 2004, 10:50:44 pm »
Does anyone know of a hml who covers loans in Florida.There're plenty of rehabs.for sale but. most of them are in the 20k price range needing approx. 6-8k in repairs.The arv is around 48-55k on most.But ican't seem to find a hml willing to go less than 40k on a loan. I'm new to investing and any advice would be greatly appreciated.

Offline tedjr

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Re:Hard Money Loans for cheap rehabs
« Reply #1 on: July 08, 2004, 07:25:03 am »
Howdy Flinvestor37:

Florida is full of fat cats who moved there to retire and took their money with them plus movie stars and sports figures etc. My sister sells million dollar homes to some wealthy folks there too. I am surprised that you are finding $20,000 deals.

Do not give up. Place an ad in the local paper offering 12 to 15%. I got $60,000 this way once. Ask everyone you meet and you will get what you seek if your are passionate about your goal.
Ted P. Stokely Jr

San Antonio, Texas

Offline flinvestor37

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Re:Hard Money Loans for cheap rehabs
« Reply #2 on: July 14, 2004, 10:59:28 pm »
Hello Ted
Thanks for the advice will run ad tommorrow!!

Offline flinvestor37

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  • Posts: 5
Re:Hard Money Loans for cheap rehabs
« Reply #3 on: August 12, 2004, 06:31:42 pm »
Thanks Sandraisme I'll definitely check them out!!

Offline jrklein55

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Re:Hard Money Loans for cheap rehabs
« Reply #4 on: September 23, 2004, 08:30:54 pm »
Ted, How would you write an ad for a private investor? Any suggestions, I think I might have to go this route.


Thank you


Jack

[email protected],net

Offline FletcherLockman

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  • Posts: 1
Re: Hard Money Loans for cheap rehabs
« Reply #5 on: September 10, 2019, 12:35:18 pm »
Thanks Sandraisme, I will definitely check it out!
« Last Edit: September 10, 2019, 03:00:48 pm by Mdhaas »

 




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