Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Wholesaler fees and hard money
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.