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Updated almost 7 years ago on . Most recent reply

Daniel Fischer's profile image
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Daniel Fischer
  • Real Estate Agent
  • from St. Petersburg, FL
  • Member since Oct 13, 2017
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Daniel Fischer's profile image
Daniel Fischer's profile image
Daniel Fischer
  • Real Estate Agent
  • from St. Petersburg, FL
  • Member since Oct 13, 2017
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Daniel Fischer
  • Real Estate Agent
  • St. Petersburg, FL
14
Votes |
34
Posts
Florida Real Estate Q&A Discussion Forum

Investors: What Interest Rate to you expect on your Hard Money?

Daniel Fischer
  • Real Estate Agent
  • St. Petersburg, FL
Posted

I have dealt with many hard money lenders and usually see about 11-12% interest just starting off. That doesn't include the 3 points at closing and additional closing costs, etc.

They all seem to be about the same. Wondering if anyone can recommend a company or has been enjoying better rates.

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John Thedford's profile image
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John Thedford
  • #5 Wholesaling Contributor
  • Real Estate Broker
  • from Naples, FL
  • Member since Feb 7, 2013
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John Thedford's profile image
John Thedford's profile image
John Thedford
  • #5 Wholesaling Contributor
  • Real Estate Broker
  • from Naples, FL
  • Member since Feb 7, 2013
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,551
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

Get private money. Usually better terms. I get it between 6%-7% and no points. 

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