Yahoo_Asker_G question : When I have bad credit is a loan, a lender give me money to invest heavily to real estate
If a person’s credit score does not matter if they get a hard money loan to sell a house quickly, response and rehabilitation for a profit best:
Reply from
bkrboyz
NO! and interest rates if they would be unbearable.
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The hard money interest rate is going to eat up the profit, especially in this market where it can take months to sell. Can you make the payments if the house sits for 6 months?