Hard Money questions

[Michael J.]

What to private mortgage lenders generally require as far as LTV? Like if I am looking at a house that has a ARV of 100K what could I expect to get out of a HML and does that include rehab costs?

Is there a good strategy for finding local HML, key words top look for in the yellow pages or search online?

I am thinking about two different options.

1. One is to use a HML to buy a rehab and sell home, use HM or personal money for repairs and then sell.

2. Buy rental to rehab and rent, refinance as soon as I can with traditional mortgage.

In either case I may be able to swing the repair costs on my own as long as I can make the purchase with nothing down from a HML.

Of course the next trick is to find properties far anough below the ARV that it will work.