loan? real estate investing? not secured.?

March 11, 2010

in Best secured loans

what i want to do is get a loan to cover down payments, working capital for rehab,upgrades and defaulted rent. Time frame to keep properties is 3 yrs. I need at least 250000 to 1 million. I am willing to pay 10% yearly interest. Since I am not paying in full for the house it is not a secured loan. What is the best type of loan,line,card. etc to get to raise funds. After I purchase a a few houses I can get investors to payoff everything in about a year or less with the equity in the portfolio. I am most interested in interest only Business loan-is that possible. Perfect credit, Business currently own is dental office gross $1.8 million yearly, $350k net yearly 5 yrs open. No assets, not a home owner. What is the best way to raise capital;get a loan, without collateral without being a secured loan. for this or other purpose. Creative financing ideas would be helpful, Please.Thank you.

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{ 1 comment… read it below or add one }

Ed Atun March 11, 2010 at 3:20 am

You can not borrow the money for a down payment, so that is a dead end. Your only hope is to get a sponsor or a partner. But that can cause a whole new set of headaches if they want to get paid-off sooner than your 3 year time frame. Friends and family are your only hope..

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