Updated over 10 years ago on . Most recent reply
Hard Money Lending
Hello Investors,
I have a property that looks great on paper, my contractor walked through and said there were no red flags. The purchase price would be 105k and the rehab bid estimate 45k. There's heavy activity on comps selling between 225-240k. The area is not in question fully homeowner. 30 day rehab. So my question is when I present this deal to a lender typically how long does it take to get approved? Does the strength of the deal help expedite the process?