Philadelphia Hard Money Lender - More Than A Lender
In Philadelphia and Pennsylvania , hard money lenders can be a great piece of your power team in real estate investing. Having the right local lender on hand can be a lot more useful than just using their money to fund investment projects. A good local lender will be on a first name basis with you and be able to give you insight to the deals you are looking at. They can help as your second opinion or second set of eyes on a deal in case you miss something. Most lenders won't tell you what they believe the ARV (after repaired value) is , but you can read it in their numbers. Find out what percent of ARV they usually work off of and it should tell you what they think your renovated property can sell for. Some investors use an appraisal which can also help you cross check your evaluation. Your lender can also connect you with other investors that might be stronger suited for the particular project you are looking at. If you have a large construction project, ask your lender if they have an investor that has done something similar and if they would look to potentially partner on the deal while using the lenders money. There are lots of different ways a local hard money lender can help you, so be sure to take the time to develop that relationship.
Ian Walsh215.839.3271
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