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Updated about 9 years ago on . Most recent reply
Information to provide Hard Money Lenders
What information regarding a potential flip, would a hard money lender want?
Most Popular Reply
Don Konipol
#1 Tax Liens & Mortgage Notes Contributor
Lender
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#1 Tax Liens & Mortgage Notes Contributor
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- The Woodlands, TX
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Don Konipol
#1 Tax Liens & Mortgage Notes Contributor
Lender
Pro Member
#1 Tax Liens & Mortgage Notes Contributor
- Lender
- The Woodlands, TX
1. Appraissl
2. Title report
3. Survey
4. Copy of EXECUTED purchase contract
5. How much of your own money you are putting into the deal
6. Line item bid for repairs/improvements
7. Projected resale price
8. Projected length of time to perform improvements
9. Projected Draw Schedule
10. Analysis of housing demand in selected market
11. Who is your general contractor and is he bonded
12. Your prior relevant experience and track record
13. Where the monthly interest payments will come from during term of the loan
14. Amount of your capital reserves
- Don Konipol
Private Mortgage Financing Partners, LLC