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Updated about 2 years ago,

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5
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Amos Raymond
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5
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Gimme the Loot - What about Hard Money or Line of Credit funding?

Amos Raymond
Posted

My partner and I are new REI's since 2018 who have employed the principles of the BRRRR method commanding 5 doors valued about $750k plus one door with projected ARV of about $250k by '23Q1 and one other door bought in a tax sale but currently locked in litigation. All of these properties were purchased using out own funds. We want to continue with our pace but we've safely tapped out. So, (1) What are the current hard money and/or line of credit rates (12/27/22) ? (2) Besides the hard money lenders Bigger Pockets has listed on this platform for Tennessee, are there other companies that come recommended? (3) Lastly, are there other recommendations from the BP brain-trust that are all welcomed and thanks in advance?

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