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Updated almost 7 years ago, 12/26/2017

User Stats

29
Posts
16
Votes
Tim S.
  • Property Manager
  • Evans, GA
16
Votes |
29
Posts

How are you getting deals funded in today's market?

Tim S.
  • Property Manager
  • Evans, GA
Posted

Hi Everyone!

With good deals getting harder and harder to find (In my market at least) how are you guys getting them funded? Prices have skyrocketed so the 40-60% on the dollar deals have all but evaporated! Hard money lenders are requiring more "skin in the game" and charging 3-5 points at closing along with 8-15% APR! Also, the borrower must have at least 3-6 months worth of reserves!

How are you guys dealing with this?

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