Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
100% Private Money Lenders on Facebook
So I'm in a ton of Facebook groups for investors and see a number of PMLs advertising 100% financing.
I messaged one to see what the deal was. Basically, he offers 70-90% for purchase (based on experience/credit score) and then up to 75% ARV to cover rehabbing costs.
As I'm new, I would be at 70% and so they now have a Gap Funding program for the remaining 30%. Sounds too good to be true.
Here are their terms and marketing. Spoke to him on the phone. Didn't sound scammy, but who knows. English was def his second language the face tattoos make you think twice lol.
Their website is junk and built on GoHighLevel (a system I use for my main company). Looks like something that was thrown together overnight.