If you are interested in purchasing a property and do not have all the cash available, you can finance the balance of your purchase.  This is called Hard Money Financing and is based on the value of the property, NOT YOUR CREDIT SCORE!

The terms are very simple:

- This requires significant down payment (depends on property condition)

- Loan set up fees vary according to length of the loan - Every Hard Money Lender is a little Different.

- Interest Rates with Hard Money are high, so don’t expect bank rates.  It is important for you to keep in mind that you are getting a wholesale deal, so focus on the payment, not the rate.

- Proof of property insurance is required at the time of closing

All transactions require Title Insurance from a Title Company

Please remember, this is short term, investor type financing, and you will need to have an exit strategy or a planned move to long term financing.

Bakerson, LLC is a private reseller of homes and is not a lender.