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Hard money lender for flips

1,836 Views | 8 Replies | Last: 7 yr ago by who?mikejones
TexaN792
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Looking into using a hard money lender to flip houses and i wanted to see what everyones experiences have been using them and what issues they might have run into
jmazz
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Be happy to help.

www.TexasInvestorFinancing.com

Aggie owned by yours truly. Class of '05.

Bought my first handful of properties using hard money. Now lend it. Feel free to holler whenever. Contact info available on the website.
mwp02ag
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http://www.texasquestcapital.com/

If you have a 65-70% deal or better these guys are great. They funded my first deal with 12% and 2 points. They keep 4 months of payments in escrow so you will need that in your 70% calculations.

I let my timeline get out of whack and went longer than the year term and they had one investor want out. They went to bat for me and paid him off without me ever knowing there was an issue. I made every mistake in the book for a newbie with no real mentor, they were there to help however they could.

I also use my SDIRA to passively invest with this group from time to time.

If you're in SA ask for Scott.
TexaN792
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Thanks for the replies, i appreciate the help
Copp
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What market are you looking to flip?
TexaN792
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Houston
Jay@AgsReward.com
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we look at hard money deals. Fund with our own money so a direct lender and can close very quickly.
JamesBREI06
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I'm also a hard money lender in Houston.

Www.quicklendingtx.com
Whoop!
jagvocate
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Just want to say "Gig 'em" to the HMLs here ... they're not for everyone, but when the numbers work and one doesn't have a lot of private money lined up yet, deals can get done b/c of them.
who?mikejones
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Is there a resource for mixed use properties or do any of you provide funding for such projects?
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