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Updated over 6 years ago,
"Good" Deals Hard to Find; Funding is "Easy" - or NOT!
BP Experts, First of all, please remember that "referrals for lenders or loans must be placed in the BP Marketplace"...so don't reply with that here. However, since I've been doing part-time real estate investing the past few years, I continuously hear about how finding "good" deals today is hard, but once you find a "good" deal, getting financing is "easy". I have a pool of 40 family/friend investors who are counting on me to bring good deals to table for potential action. Lately, I've focused on places as diverse as AL, NH, and DC. Banks are asking for 40% down to get non-recourse situations or ~5% loans, while my investors all want 15-20% cash-on-cash, and Hard Money lenders who give anything in 8-9% are hard to find. So what really constitutes good deals and easy money in mid-2018??!