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Updated over 8 years ago on . Most recent reply

Malcolm Lawson's profile image
Malcolm Lawson's profile image
Malcolm Lawson
  • from Annapolis, MD
  • Member since Sep 5, 2015
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Malcolm Lawson's profile image
Malcolm Lawson's profile image
Malcolm Lawson
  • from Annapolis, MD
  • Member since Sep 5, 2015
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Malcolm Lawson
  • Annapolis, MD
52
Votes |
132
Posts
Private Lending & Conventional Mortgage Advice

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?  

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Matt Motil's profile image
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Matt Motil
  • Rental Property Investor
  • from Cleveland, OH
  • Member since Sep 1, 2015
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Matt Motil's profile image
Matt Motil's profile image
Matt Motil
  • Rental Property Investor
  • from Cleveland, OH
  • Member since Sep 1, 2015
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Matt Motil
  • Rental Property Investor
  • Cleveland, OH
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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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