Hard Money lender question

[Jeff Matthews]

When im calculating my max offer price .I take my ARV minus my rehab cost-realtor cost -money cost- holding cost -closing cost - Minimum Profit and that gives me my Max offer number .

My Question is how much am i asking from a Hard money lender ?

So i can evaluate my money cost and interest .

Is it my max offer plus repair cost ?

Or do i do some other calculation to figure out how much to ask for ?

[Frank Hinck]

@Jeff Matthews

Could be Purchase or Purchase&Rehab. HMLs will want your to have 20% in the deal to put down with them, so you’re not borrowing that. If home is 100 and rehab 50 then you put 20% $30k down and they loan you $120k. They won’t go above 70% usually.