Summary: Almost every community has private investor or hard money lenders Expect to pay 9 14 and with a maximum Loan to Value of 65 70 which means you must have a down payment Also IF you use this high cost money you should be plan to 1 Buy a home substantially under current market 2 Plan for a way out sale or refinance Look at the total picture of buying now vesus an agressive savings and credit improvment strategy Waiting is often better but for instance if you found a home 30 below market then you risk is lower as your way out should be more certain and your upside potential is high Ask your attorney friends and accountants if they can refer you to an investor by Almost every community has private investor or hard money lenders Expect to pay 9 14 and with a maximum Loan to Value of 65 70 which means you must have a down payment Also IF you use this high cost money you should be plan to 1 Buy a home substantially under current market 2 Plan for a way out sale or refinance Look at the total picture of buying now vesus an agressive savings and credit improvment strategy Waiting is often better but for instance if you found a home 30 below market then you risk is lower as your way out should be more certain and your upside potential is high Ask your attorney friends and accountants if they can refer you to an investor by
Image Dimensions: 150 x 112
Image originally found here.