What’s Working for You?

[Leslie Nunn]

I know speed and flexibility are key in this business, so I’m curious—how are you all securing funding quickly while still keeping costs manageable? 

[Peter Mckernan]

Quote from @Leslie Nunn:

I would suggest really diving into your network for private funds, you can save on origination fees and even the rate. You can buy quickly and it's basically like cash. 

Some of the best rates I see today are in the mid 9s, and paying a point or point and a half. I would negotiate with the lenders to see if you can reduce your spend, but there will always be fees unless you are paying cash for the deals.