Financing in 26101>Question Details

Chris, Other/Just Looking in Parkersburg, WV

If I wanted to rehab a house and sell it (Flip).Where can I find a hard money lender in the area.?

Asked by Chris, Parkersburg, WV Sun Nov 18, 2007

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Chris.....

Our current market is not lending itself to flipping unless you are a savy flipper, contractor and/or do your own work. Please be careful here. Almost any lender can help you depending on down payment and credit score. Hard money lenders charge lot's of upfront points and interest rates are usually higher.
1 vote Thank Flag Link Mon Nov 19, 2007
Pam Winterba…, Real Estate Pro in San Ramon, CA
MVP'08
Contact
Agree with Pam there about the hard money lender. They do charge a lot for the money - I personally hae a friend who does and knows people from other areas who can provide you with that.

Due to the number of REO (bank owned) properties and/or auctions, I have seen very savvy (key words - very savvy) buyers who are able to buy homes, turn them around and sell them. But they mostly bought it via foreclosure process.

You have to be 'extremely' careful when you do this - do your homework, don't get yourself in a bind.

Best,
Sylvia Barry
Marin Realtor
0 votes Thank Flag Link Thu Nov 13, 2008
Sylvia Barry,…, Real Estate Pro in Marin County, CA
MVP'08
Contact
Contact : David Houser
Wells Fargo Home Mortgage

740-525-6291 Direct
H.D.Houser@wellsfargo.com
He is an expert at financing rehab property.
0 votes Thank Flag Link Thu Nov 13, 2008
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