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Updated over 9 years ago on . Most recent reply

User Stats

132
Posts
52
Votes
Malcolm Lawson
  • Annapolis, MD
52
Votes |
132
Posts

First Hard Money Loan

Malcolm Lawson
  • Annapolis, MD
Posted

I am planning on doing my first flip in Southern Maryland in the next few months and have started researching hard money lenders in my area.  I am a bit lost trying to pick one.  Can anyone give me some advice of what kind of deal I should be looking for out of a lender?  Any shady practices I should be watching out for?  Any recommendations for lenders in the Maryland area?  

Most Popular Reply

User Stats

1,750
Posts
880
Votes
Matt Motil
  • Rental Property Investor
  • Cleveland, OH
880
Votes |
1,750
Posts
Matt Motil
  • Rental Property Investor
  • Cleveland, OH
Replied

you need to watch out for junk fees, ridiculously high points, and prepayment penalties.


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