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Finding a GOOD Hard Money Lender
Hello community! This is my first post but I'm always online reading everyone's informative experiences and strategies. I'm looking for a good HML that I can use for a fix & flip deal that I have. I recently purchased a foreclosure for $58.5k and the As-Is value is $101k. The property will need about 40-45k in rehab costs. Comparing the work that will be done to the local comps the estimated ARV will be $145k-150k. I have full SOW completed and the team in place to get the job the done. Thanks for the help!
Quote from @Carter Sanders:
Hello community! This is my first post but I'm always online reading everyone's informative experiences and strategies. I'm looking for a good HML that I can use for a fix & flip deal that I have. I recently purchased a foreclosure for $58.5k and the As-Is value is $101k. The property will need about 40-45k in rehab costs. Comparing the work that will be done to the local comps the estimated ARV will be $145k-150k. I have full SOW completed and the team in place to get the job the done. Thanks for the help!
This is easily something we'd fund. Happy to jump on a call or you can scroll through our YouTube channel. Just google our company name (see signature) and Google should help you with the diligence.
Hey @Carter Sanders, great to hear you got the SOW and the team ready to go on this.
From Skytree Investments we can certainly finance the deal for you. Sending you a DM for a super fast quote on our terms/rate. Thanks in advance
Quote from @Jason Taken:
Quote from @Carter Sanders:
Hello community! This is my first post but I'm always online reading everyone's informative experiences and strategies. I'm looking for a good HML that I can use for a fix & flip deal that I have. I recently purchased a foreclosure for $58.5k and the As-Is value is $101k. The property will need about 40-45k in rehab costs. Comparing the work that will be done to the local comps the estimated ARV will be $145k-150k. I have full SOW completed and the team in place to get the job the done. Thanks for the help!
This is easily something we'd fund. Happy to jump on a call or you can scroll through our YouTube channel. Just google our company name (see signature) and Google should help you with the diligence.
Thanks for your reply. I will check out your channel!
Quote from @Conor Deasy:
Hey @Carter Sanders, great to hear you got the SOW and the team ready to go on this.
From Skytree Investments we can certainly finance the deal for you. Sending you a DM for a super fast quote on our terms/rate. Thanks in advance
Thank you.
Quote from @Carter Sanders:
Hello community! This is my first post but I'm always online reading everyone's informative experiences and strategies. I'm looking for a good HML that I can use for a fix & flip deal that I have. I recently purchased a foreclosure for $58.5k and the As-Is value is $101k. The property will need about 40-45k in rehab costs. Comparing the work that will be done to the local comps the estimated ARV will be $145k-150k. I have full SOW completed and the team in place to get the job the done. Thanks for the help!
Is this going to be a flip or a BRRRR?
This will be a BRRRR. I can make room for better rehab numbers, I was just shooting a bit higher to be safer rather than sorry.
Quote from @Erik Estrada:
Quote from @Carter Sanders:
Hello community! This is my first post but I'm always online reading everyone's informative experiences and strategies. I'm looking for a good HML that I can use for a fix & flip deal that I have. I recently purchased a foreclosure for $58.5k and the As-Is value is $101k. The property will need about 40-45k in rehab costs. Comparing the work that will be done to the local comps the estimated ARV will be $145k-150k. I have full SOW completed and the team in place to get the job the done. Thanks for the help!
Is this going to be a flip or a BRRRR?
This will be a BRRRR. I can make room for better rehab numbers, I was just shooting a bit higher to be safer rather than sorry.