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- How To Use Private Money To Finance Reos And Short Sales By:-Evan Leo
In the current real estate market, it is no longer easy to get hard money funding like it used to be a few years ago. Some hard money lenders have gone belly up, while the ones in business have tightened their underwriting procedures.
Before they can finance you, you have to make advance payments in points and high interest rates. Of course this results to less profits. Of course a lot of them now even need credit rating to lend hard money.
Lots of real estate investors have stopped doing the deals they used to do with hard money because of this. This article shows you how to use private money to finance REOs and short sales.
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