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Updated over 6 years ago on . Most recent reply

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Shu Zhu
  • Real Estate Investor and Lender
  • Katy, TX
3
Votes |
32
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Loan terms for 48 hour flip?

Shu Zhu
  • Real Estate Investor and Lender
  • Katy, TX
Posted

Loan amount is about $85K, and 2~3 day turn around. I have worked with the borrower for a while on longer term deals. I'm thinking higher points should be fair in this situation. What are your thoughts?

Most Popular Reply

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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
6,318
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7,929
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@Shu Zhu if you are comfortable lending the funds to your customer then go for it.  Higher points might be ok but we don't want to drive a good customer away. Just be fair about it and if you do need to charge a little higher to make up for the work be up front with the customer about it and reinforce that you value their business.  If it's a good deal for your customer they should be understandable.  Good luck!

  • Andrew Postell
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