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Updated over 8 years ago,

User Stats

1,025
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610
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Charles Kao
  • Specialist
  • Grand Rapids, MI
610
Votes |
1,025
Posts

Wholesaler fees and hard money

Charles Kao
  • Specialist
  • Grand Rapids, MI
Posted
Does anybody know of a hard money lender that will allow you to wrap purchase price and wholesaler fees into the loan. I offered on a property and after seeing the wholesaler fee I noticed the fee was 24k. Based on how the documents are signed the purchase price is 88k with a wholesale fee of 24k. So just to get the house I am looking at 33k in downpayment and wholesaler plus 35k renovations it is more than I expected. What I am hoping for is a lender that will loan to me based of a 112k purchase price and not the 88k.

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