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Updated almost 2 years ago on . Most recent reply

Nick Webb's profile image
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Nick Webb
  • Investor
  • from Somerset, NJ
  • Member since Nov 9, 2011
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Nick Webb's profile image
Nick Webb's profile image
Nick Webb
  • Investor
  • from Somerset, NJ
  • Member since Nov 9, 2011
Connect
Nick Webb
  • Investor
  • Somerset, NJ
20
Votes |
31
Posts
Mortgage Brokers & Lenders

90% Purchase and 100% of the Rehab (Myth??) Local Lender or National Lender

Nick Webb
  • Investor
  • Somerset, NJ
Posted

Looking for Hard Money Lender (Washington DC market) FIX AND FLIP specifically - Ive heard about 90% of purchase, are these deals still out here? I did get a few quotes for Hard Money but none were close to that equation. Is it better to go National Lender or Local? I know the numbers in the deal are of course a huge part of the equation. 

Washington, DC
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Jack Tulloch's profile image
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Jack Tulloch
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Jack Tulloch
#2 Mortgage Brokers & Lenders Contributor
  • Lender
  • Austin, TX
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Jack Tulloch
#2 Mortgage Brokers & Lenders Contributor
  • Lender
  • Austin, TX
Replied

Like others mentioned, you can find 90% LTC if experience/credit/liquid reserves are strong AND deal has large margins and leaves a lot of room for profit.

  • Jack Tulloch
  • [email protected]
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