Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago,

User Stats

29
Posts
6
Votes
Peter Thirawankanok
  • New to Real Estate
  • Schaumburg, IL
6
Votes |
29
Posts

What to Look for in a Lender

Peter Thirawankanok
  • New to Real Estate
  • Schaumburg, IL
Posted

I am looking to get some advice on finding lenders for fix-and-flip deals that I want to fund. What should I be looking for in a lender? What questions should I ask other than the obvious? (rates, fees, terms, LTV, etc) Does anyone have a lender they would recommend?

Most of the projects that I would be working on are range on a buy price between 75k to 150k, with ARVs in the 200k range.  As I am getting started, I'm looking at rehabs of less than 15k and hold times of less than 90 days. I am planning on doing on most of the cosmetic stuff myself and contracting out anything I am not proficient in. 

Any help would be nice.

Thank you!!!

Loading replies...