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Updated 4 months ago on . Most recent reply

Frank Weiland's profile image
Frank Weiland's profile image
Frank Weiland
  • Member since Dec 17, 2023
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Frank Weiland's profile image
Frank Weiland's profile image
Frank Weiland
  • Member since Dec 17, 2023
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Frank Weiland
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Starting Out

Expected Interest Rate and Mortgage Points/Fees - 3 Month BRRR Loan

Frank Weiland
Posted

I am looking at my first real estate investment in the Clearwater Florida area 33756 zip code in Pinellas County. It’s a 3/1 home 846 sq ft. Purchase price is $158K and needs 50K in rehab. Short term loan (3 months) for home and rehab = $203K.

What could I expect to have as current average loan interest rate and points/fees if I am a new accredited investor with excellent credit? Thanks.

Tampa, Florida
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