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Updated almost 6 years ago on . Most recent reply

Robert Tinker's profile image
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Robert Tinker
  • Rental Property Investor
  • from Round Rock, TX
  • Member since Feb 17, 2019
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Robert Tinker's profile image
Robert Tinker's profile image
Robert Tinker
  • Rental Property Investor
  • from Round Rock, TX
  • Member since Feb 17, 2019
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Robert Tinker
  • Rental Property Investor
  • Round Rock, TX
159
Votes |
246
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Land & New Construction

Admin fees for draws?

Robert Tinker
  • Rental Property Investor
  • Round Rock, TX
Posted

Is it customary for a hard money lender to charge admin fees when requesting rehab draws?

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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
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  • from West Palm Beach, Florida
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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Just a fee that’s part of the game. If Yhey sent an inspector it’d be $100-$200.

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