HML Beginner friendly

[Paige Gardner]

Does anyone have Any HML recommendations I'm a beginner and want to get started right away but want to weigh my options

[Shawn Ackerman]

@Paige Gardner HM is a great way to get started however understand that it is SHORT TERM FINANCING 6-18 months. using this form of financing is a great way to acquire/fix a property but if you are looking to hold long term you would want to find long term financing. Additionally I would suggest having the long term financing relationship built so that they can easily transition the deal after renovation. This is an Interest only loan product that typically lends at 65% ARV. Keep those parameters in mind as well.

Lastly, A great HML would have options for you to transition into after your loan term ends with them.

Best of luck to you on your journey!!!