/biz/ - Business & Finance

>>1514108
>>1514115
Thanks

I will have around 140k in liquid cash soon. I don't want to buy a 140k house and sell it for 250k though. I want to buy a 300k house, add an extension and sell it for 600k. Margin basically.

What kind of % would a 'hard money lender' expect? I could live with 10% if it gave me flexibility. Bank mortgages here are 2% to 5% but they rarely lend for my kind of purpose.

It just seems like a great deal for someone to loan me 200k and get 5% on their investment in under a year. Worst case for them is that they get their asset back (the property). Where do I begin with networking and finding these people? I don't know any rich people. Bank rates are shit so surely there are rich people who want to lend. I'm not a total autist and I think I could persuade an investor.