Updated about 9 years ago on . Most recent reply
Trying to understand hard money and realty shares
Hey guys. I'm currently in the process of looking at properties to flip. I have a team in place to do all of the work and we believe we have a few properties that we can get rehabbed in 2 months tops. I was on realty shares looking for funding and saw that it loans are as low as 9%. Is this a common rate? Would you consider it a good rate for 85% of your project ?
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@Shawn Munoz That seems to be within the range of rates advertised on some of the other lending sites for flips (high single digits to low double digits).