When all my friends were investing in foreclosed properties, even I was tempted to make “quick money” in this latest investment option. They were buying properties at discounted prices, undertaking rehab and repairs and then selling them at the prevailing market price. The ROI was typically $30,000- $40,000 per house.
However, unlike my friends, I lacked a decent savings for foreclosed property investment. While I was disheartened, I discovered Sherman Bridge Lending, as one of the best private money lenders in San Antonio TX.I was hesitant at first, but I did extensive research and I decided to borrow hard money for an investment in San Antonio TX and proceed with my investment ambition.
The loan officer helped me map out my loan amount in tune with my financial resources and limitations. With the help of an experienced real estate wholesaler, we searched for an appropriate property and purchased it. The best part was that the loan amount allowed enough to cover all the repairs costs. I did not have to diminish my meager finances.
We acquired the property, rehabilitated it and then sold it for a decent profit. I repaid the loan and the interest charges from the profit and I still had a healthy balance remaining in my bank account. Thanks to Sherman Bridge Lending, that I can also call myself a “real-estate investor” like several of my friends.
However, unlike my friends, I lacked a decent savings for foreclosed property investment. While I was disheartened, I discovered Sherman Bridge Lending, as one of the best private money lenders in San Antonio TX.I was hesitant at first, but I did extensive research and I decided to borrow hard money for an investment in San Antonio TX and proceed with my investment ambition.
The loan officer helped me map out my loan amount in tune with my financial resources and limitations. With the help of an experienced real estate wholesaler, we searched for an appropriate property and purchased it. The best part was that the loan amount allowed enough to cover all the repairs costs. I did not have to diminish my meager finances.
We acquired the property, rehabilitated it and then sold it for a decent profit. I repaid the loan and the interest charges from the profit and I still had a healthy balance remaining in my bank account. Thanks to Sherman Bridge Lending, that I can also call myself a “real-estate investor” like several of my friends.
