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Updated almost 9 years ago on . Most recent reply

User Stats

32
Posts
9
Votes
Rance Brown
  • Lender
  • Spokane, WA
9
Votes |
32
Posts

Private Money Lender from Washington

Rance Brown
  • Lender
  • Spokane, WA
Posted

Hi All!

I am new to the BP community however i have been using the site as a resource for quite some time. I am interested in networking with the REI community to continue to understand what the biggest lending needs are and what type of new programs we should build and introduce to the market. My goal is to build win win relationships across the entire industry.

Most Popular Reply

User Stats

24
Posts
6
Votes
Mark Scott
  • Investor
  • Fayetteville, NC
6
Votes |
24
Posts
Mark Scott
  • Investor
  • Fayetteville, NC
Replied

Rance Brown one problem many new investor have starting out is finding lenders that will lend below 50k. They may be able to put up the 20% as a down payment and have a reserve to cover holding cost, but the deals they seek are in the 20k to 35k range plus rehab cost of 20k to 30k.

Do you lend in other states?

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