BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 5 years ago on . Most recent reply
IS THIS A GOOD FROM HARD MONEY LENDER!!?
HELLO I RECEIVED A DEAL FROM A HARD MONEY LENDER.
DEAL: 70%(10K MIN DOWN PAYMENT) + 100% REHAB AND TOTAL LOAN AMOUNT OF 50% ARV
SCOPE:
PURCHASE 40K
REHAB 40K
est ARV 126K
WHAT DO THESE NUMBERS MEAN AND WHAT WOULD BE THE TOTAL LOAN AMOUNT? This is my first time buying property (in general) with HML