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Updated over 4 years ago on . Most recent reply

User Stats

50
Posts
11
Votes
Matthew Tierney
  • Rental Property Investor
  • Philadelphia, PA
11
Votes |
50
Posts

Using Hard money lenders in Philly

Matthew Tierney
  • Rental Property Investor
  • Philadelphia, PA
Posted

Hey Philly BP what’s up I’m thinking about using Hard Money for my next deal. I’m looking for some recommendations and any advice since this would be my first time using a Hard Money lender......thanks👍

Most Popular Reply

User Stats

10
Posts
6
Votes
Cory Ohl
  • Real Estate Consultant
  • Drexel Hill, PA
6
Votes |
10
Posts
Cory Ohl
  • Real Estate Consultant
  • Drexel Hill, PA
Replied

Hey @Matthew Tierney,

Hard money is definitely a good way to leverage your cash to be able to do more deals, you just want to make sure you've got all your key players in place so you don't waste time with the rehab because the interest rates and points can eat away at your budget. I have an point of contact with a HML at Sherman Bridge I can pass your information to if you want more information on terms/how the process works.

Let me know if you’re interested, always here to help!

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