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Updated almost 11 years ago,

User Stats

184
Posts
34
Votes
Michael Baradell
Property Manager
  • Property Manager
  • New Orleans, La
34
Votes |
184
Posts

Insight on obtaining Buy and Holds using private or hard money loans

Michael Baradell
Property Manager
  • Property Manager
  • New Orleans, La
Posted

Hey Guys,

I am curious on how purchasing a buy and hold property using private money or hard money loans is structured? First, what is a typical rate to offer the lender? Second, what should the terms be? I am under the assumption that you would refinance ASAP in order to pay off the original lender. Is this correct?

  • Michael Baradell

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