northwest realeaste 0 Report post Posted June 12, 2008 IF YOU NEED FAST/EASY/HARD MONEY / WE NEED TO TALK This is 1 year term 18 % monthly intrest payments :::::: is for investors only Your credit is not checked your loan is based on the real estate for up to 70 % of the after rehab value For more information contact at::::: bsat001@yahoo.com Share this post Link to post Share on other sites
northwest realeaste 0 Report post Posted June 12, 2008 SO guess from the no replies every one has all the hard money loans they need ? And there is no one who needs a short hard money loan with bad credit ? WOW this would make me think all is right and good for all in the investor world ? Share this post Link to post Share on other sites
MichaelC 160 Report post Posted June 13, 2008 With a rate of 18%, did you really think you were going to receive a flood of replies? Share this post Link to post Share on other sites
<Steve> 82 Report post Posted June 13, 2008 SO guess from the no replies every one has all the hard money loans they need ? And there is no one who needs a short hard money loan with bad credit ? WOW this would make me think all is right and good for all in the investor world ?Please let me introduce you to the investing world of Lease Purchasing...No banks...No cash...and No credit needed. It's a beautiful thing! Share this post Link to post Share on other sites
Jonathan RexfordFL 8 Report post Posted June 13, 2008 WHOA!!! I get HardMoney for 11% and Private Money at 8%. But if the market works for you at 18 then cool. Share this post Link to post Share on other sites
northwest realeaste 0 Report post Posted June 14, 2008 WHOA!!! I get HardMoney for 11% and Private Money at 8%. But if the market works for you at 18 then cool. OKAY i understand all the posts on this But how many of the other lower intrest rate loans pull the credit ? How many of them say this and that you need to do >>>>as well have longer then 1 year contracts ? This is a for sure as long as you have a property that can have a 1 st mortgage note placed on it for one year And if your credit is so bad off you can not even get most of the private /hard money loan this is for you /these people If any of you can show me a hard /private money loan that will not look in any way at your credit for the lower intrest rate PLS TELL ME AS I WOULD LOVE TO SEE IT As most all want to see the credit at some point ? Share this post Link to post Share on other sites
Jonathan RexfordFL 8 Report post Posted June 14, 2008 Well my private lenders are the ones that I cultivate none have ever seen my credit report or have requested it. But if they ask I have know problem of showing. Private Money in my world is different then Hard Money. Private Money to me is someone that has a CD or annuity that is paying crap. Share this post Link to post Share on other sites
northwest realeaste 0 Report post Posted June 14, 2008 Well my private lenders are the ones that I cultivate none have ever seen my credit report or have requested it. But if they ask I have know problem of showing. Private Money in my world is different then Hard Money. Private Money to me is someone that has a CD or annuity that is paying crap. OKAY This is not even in the same deal ( peaches & apples ) I am talking about a loan company loanning out funds very short time And if you have credit so bad that your unable to get a loan to get in to a property from most of your hard money folks >> then this is the loan for you If you can get your funds else where this is not for you >>> but for some this is the only way to get in to get started in this business Share this post Link to post Share on other sites
-Tony- 0 Report post Posted June 16, 2008 @ 18% there are no points or prepay, RIGHT Share this post Link to post Share on other sites
northwest realeaste 0 Report post Posted June 16, 2008 @ 18% there are no points or prepay, RIGHT There are points >>>> you can pay it off any time before the year is up Say you got the property and have it all rehabed and have a buyer with in a rew weeks or months then yes by all means pay it off This is a very very high risk loan given to people who really have no where else to go All need to keep this in mind Share this post Link to post Share on other sites
Jonathan RexfordFL 8 Report post Posted June 16, 2008 I would be careful about making an offering like that in FL. 18% is usury in this state. Depending on what the points are I can see that it will go beyond 18%. The way to get around it is to make loans to Business entities. But the amount must be over 500K. Share this post Link to post Share on other sites
northwest realeaste 0 Report post Posted June 16, 2008 I would be careful about making an offering like that in FL. 18% is usury in this state. Depending on what the points are I can see that it will go beyond 18%. The way to get around it is to make loans to Business entities. But the amount must be over 500K. Thank you for the words on Fl . They are a hard place to be now with all the fires and high foreclousers ? Any way every state is just abit of its own strange right Share this post Link to post Share on other sites
GetSmart 0 Report post Posted June 16, 2008 IF YOU NEED FAST/EASY/HARD MONEY / WE NEED TO TALK This is 1 year term 18 % monthly intrest payments :::::: is for investors only Your credit is not checked your loan is based on the real estate for up to 70 % of the after rehab value For more information contact at::::: bsat001@yahoo.comwhere is this money coming from a line of credit? Share this post Link to post Share on other sites
northwest realeaste 0 Report post Posted June 17, 2008 IF YOU NEED FAST/EASY/HARD MONEY / WE NEED TO TALK This is 1 year term 18 % monthly intrest payments :::::: is for investors only Your credit is not checked your loan is based on the real estate for up to 70 % of the after rehab value For more information contact at::::: bsat001@yahoo.comwhere is this money coming from a line of credit? No this is not a line of credit >>>or your credit would be checked This is a loan based upon the after rehab value of a property Thatyou would be buying as a investor >>>> not for you to buy and live in Share this post Link to post Share on other sites
GetSmart 0 Report post Posted June 18, 2008 IF YOU NEED FAST/EASY/HARD MONEY / WE NEED TO TALK This is 1 year term 18 % monthly intrest payments :::::: is for investors only Your credit is not checked your loan is based on the real estate for up to 70 % of the after rehab value For more information contact at::::: bsat001@yahoo.comwhere is this money coming from a line of credit? No this is not a line of credit >>>or your credit would be checked This is a loan based upon the after rehab value of a property Thatyou would be buying as a investor >>>> not for you to buy and live inno i mean are you getting the money from a line of credit, because those rates are kind of steep? although it doesn't matter where the money is coming from, and it sounds like a good deal if no credit is being checked. Share this post Link to post Share on other sites
