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Updated 11 months ago, 02/13/2024

Ryan Fox's profile image
Ryan Fox's profile image
Ryan Fox
Pro Member
  • Investor
  • from NV and CA
  • Member since Feb 13, 2016
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User Stats

331
Posts
168
Votes
Ryan Fox's profile image
Ryan Fox's profile image
Ryan Fox
Pro Member
  • Investor
  • from NV and CA
  • Member since Feb 13, 2016
Connect
Ryan Fox
Pro Member
  • Investor
  • NV and CA
168
Votes |
331
Posts
Private Lending & Conventional Mortgage Advice

insurance requirements for hard money

Ryan Fox
Pro Member
  • Investor
  • NV and CA
Posted

I’ve been doing private lending for a while for fix and flips.  I’m not sure the insurance requirements that I’m requesting from borrowers are appropriate.  These are the rough numbers of a deal I’m currently underwriting:

Purchase $78k

Rehab $40k

ARV $180k

What do hard money lenders require in terms of types of coverage and amounts for this type of deal?

  • Ryan Fox
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