Hard Money Help
Right now I have two deals I am working on. The numbers are there and I am looking for a hard money lender in NC to start rolling. Credit Score is 660. Any information will be greatly appreciated.
Thanks!
Deposit the earnest money if you have ratified contracts.
If you are preparing an offer for the buyers acceptance, then specify that you will deposit earnest money upon acceptance of the offer.
If the deal is good, $2000 is too small a sum to risk losing the deal.
"No money down" does not mean there is no earnest money, nor does it mean that the seller gets no cash. It simply means that none of the money the seller receives comes out of your pocket. Bring in a partner with cash for the earnest money, or borrow the money from someone else, even if you use your own credit cards for a cash advance.
Keep in mind that the earnest money will be applied to the closing cost on your side of the HUD - so basically you will get it back. Thus "no money "
Ok, thanks.