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Updated almost 5 years ago,

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3
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0
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Robert Trazo
  • Specialist
  • Huntington Beach, CA
0
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3
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First time approached as a hard money lender - Washington state

Robert Trazo
  • Specialist
  • Huntington Beach, CA
Posted

Good afternoon all, I got approached for the first time to be a hard money lender on a deal in the state of Washington. I've never done this, before. I would appreciate any advice you may have on making this happen while protecting my money.  Basically, the investor is purchasing the property for a $1.2mil and essentially wholetailing it after a month or two.  The investor already has a buyer under contract.  It'd be a double closing and I'd get a fee for the use of my money for a couple of months.  I am a complete beginner regarding hard money lending and 'd like to protect my money from loss.  Any and all advice would be appreciated.  Thank you, Rob

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