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Updated about 5 years ago,

Colin Brazell's profile image
Colin Brazell's profile image
Colin Brazell
  • from Jupiter, Florida
  • Member since Feb 27, 2016
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Colin Brazell's profile image
Colin Brazell's profile image
Colin Brazell
  • from Jupiter, Florida
  • Member since Feb 27, 2016
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Colin Brazell
  • Jupiter, FL
4
Votes |
10
Posts
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

What type of hard money terms could I expect...

Colin Brazell
  • Jupiter, FL
Posted

If I were to borrow about 30k for a 45k SFH that I plan to BRRRR in Detroit. I have excellent credit, with plenty in the bank to cover it were something to go wrong.

A friend of a friend said he wanted 2 pts and 12%. That seemed pretty steep to me. I'm a first time investor though, so I can understand a slight premium to standard rates for more experienced investors.

Thanks!

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