Financing in San Antonio>Question Details

Joe Pickett, Real Estate Pro in San Antonio, TX

I am seeking private lenders to buy south side houses. My investor partner pays 7-10% backed by real estate. What do you have available?

Asked by Joe Pickett, San Antonio, TX Thu Oct 10, 2013

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Hi Kay, thanks, we borrow money from private lenders to buy houses. John borrows the full price of the house from one or multiple lenders. The house is bought for cash; that is the collateral. He pays 7-10% rates. I'm not sure you can help me, based upon what you stated above, but wanted to clarify. Thanks.
0 votes Thank Flag Link Fri Oct 11, 2013
Are you looking for a private lending to finance the transaction of purchasing houses or are you looking for a private lender to buy houses that you have? If you are looking for a private lender to help you purchase houses, than I have two of them. One requires 30% down on contract price and the other requires 30% of appraisal price. If I knew a little more information, I might be able to help.

Thanks,
Kay Kirby, Realtor
Icon Realty

9514 Console Dr. Suite 103
San Antonio, TX 78229
Cell (210)317-0017
Phone: (210) 377-0300
Fax: (210) 377-0018
Email: ekkirby1613@hotmail.com
0 votes Thank Flag Link Fri Oct 11, 2013
Please note that my investor partner is very well established on the south side, and he sets up all of these transactions in a land trust for maximum investment security. Thanks.
0 votes Thank Flag Link Thu Oct 10, 2013
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