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Updated over 10 years ago,

Thomas Gilbert's profile image
Thomas Gilbert's profile image
Thomas Gilbert
  • from Middletown, Delaware
  • Member since Oct 8, 2014
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Thomas Gilbert's profile image
Thomas Gilbert's profile image
Thomas Gilbert
  • from Middletown, Delaware
  • Member since Oct 8, 2014
Connect
Thomas Gilbert
  • Middletown, DE
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2
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Starting Out

Hard money loan advice

Thomas Gilbert
  • Middletown, DE
Posted
I'm a new investor in the Philadelphia area. J am thinking about applying for a HML. I am looking to get a loan (purchase and rehab) for around 75k. The ARV is approx. 129k, my question is what is an conservative estimate of cash on hand that a lender would like me to bring to the table? I also have a rental property that I have a mortgage on, with about 30k in equity. Could I use this property in the deal? Thanks for any and all advice!
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