Hard Money
You may want to consider using $ from an IRA account, if you know someone who has enough $ in their IRA. I have used this company (Equity Trust Company) to build a house. A friend bought a house that he wanted to demo and build a new one, on the old foundation. He tried to get $ from banks and Mort co's. Noone would lend him $. He called me asked if I knew anyone who could help. I came out, looked at the property, saw the potential and offered to finance it. I did. He invested about 22 I put in 33 for construction. We sold the house for 85. After taking out closing costs we split 26. From the beginning to the close it took 1 1/2 years. Do the math. So if you have friends in the stock market (with their IRA's) approach them. Good luck . Joe
P.S. I have had VERY little success at finding investors to do this or to lend me HM. So I will just have to be my OWN lender. lol
[ Edited by Kman on Date 01/27/2004 ]
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