I'm Going Crazy

[financialfreedm]

:SM128: I'm going crazy trying to put together offers on rental properties using my hard money loan. 1st my hard money loan is 60% of the after-repair-value of the home and 2nd the homes don't usually appraise high enough for the hard money loan to cover my deals. Can anybody give me some financing tips.

[JR_FL]

Buy better. No details given. But when financing is an issue then it has to be in the deal structure.

[financialfreedm]

Yeah that's what I've been kinda thinking

[ZNICK]

I dont suggest you use "hard money loans" if you're buying a rental property that you intend to keep. You'll want traditional loans, or maybe private money.

Z

[financialfreedm]

The only problem with traditional loans is my credit is not what you would call up to snuff