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Updated about 4 years ago,

Michael Morin's profile image
Michael Morin's profile image
Michael Morin
  • from NY
  • Member since Jul 9, 2019
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25
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6
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Michael Morin's profile image
Michael Morin's profile image
Michael Morin
  • from NY
  • Member since Jul 9, 2019
Connect
Michael Morin
  • NY
6
Votes |
25
Posts
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Hard Money loan to start out

Michael Morin
  • NY
Posted

So I’m shopping around for a Hard Money loan. I found a lender that’s willing to work with me. The terms are 30% down, 16% interest for 12 months then balloon at the end of 12 months. No points upfront. How does this sound. This will be my first Investment property. Anyone have similar terms? How did it turn out?

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