Hard Money loans

**Kreative Maverick** · 11-25-2008, 06:24 PM

Looking for companies who are still in business and can do loans in the SE of the US, specifically GA.

Thanks in advance.

**pacpro** · 12-09-2008, 03:48 PM

Big list of hard money lenders still in business more than a few lend in GA can be found at reiclub.com click the hard money lender link on the left.

hope this helps

**gelokron** · 12-11-2008, 05:56 PM

what you really want is private money. No points, lower interest, and not personally guaranteed. Best place to find it is from people you already know or at your local REIA. Just start asking, worst they could say is no.

**PositiveAl** · 12-22-2008, 02:49 PM

I agree with gelokron. Hard money is just that. If you are stealing a property at a crazy low price then use a hard money lender with interest rates from 12% to 24% or more, and from 2 - 8 points. If it is a good deal the money will be there quick.

If you are starting out, I would start setting up private money funds as gelokron suggested. parents, cousins, friends, other family, etc. I also would not limit it to just the cash on hand. Check out the "self directed IRA" companies. I use Equity Trust Company. Their website has a plethora of information about how to use other peoples retirement funds for your investments. Also there is a real estate guru I know named Alan Cowgill who has several methods of obtaining private funds for real estate projects.

There are also many credit lines that you can check into at your local bank or other national banks that lend to their most credit worthy borrowers from zero interest to 3% interest on your name and credit only.

I have been investing in real estate and have acquired over 839 properties so far. All but three have been bought with private money or creative financing techniques. That is three that required me to go to a bank, two I used hard money, and all the others were either other creative financing or private money such as IRAs and loans from other people.

Enjoy building wealth. Alan Kosinski

**florida real estate** · 01-07-2009, 04:49 AM

very easy just search in google you can easily found hard money lender.

**VAInvestor** · 01-12-2009, 04:33 PM

Agreed. Traditional hard money is a rip-off, but for some, it's the only way to get into a property. I say, if you have a dirt-cheap deal and you have the choice between paying 15% + 6 points or walking away, you gotta do the deal. But if you have access to private money, I'd definitely stay away from HM lenders.