How To - Secure Funding For Your Investment Properties - Summary
Having a good hard money lender in your corner can be the corner stone of growing your investment business. Knowing who to work with and how they work can make or break your business. Remember the key steps to forging a strong bond with your lender. Bring a good deal that you know is a good deal. This is not going to be something that is easy as most properties that people believe are deals, are not. When you do find a good deal, be sure to send your lender accurate numbers on the acquisition price, construction costs and address. You don't want to short the construction budget or pay to much on the acquisition. Finally, everything is in line for closing so don't lose the deal at this point by working with a clunky lender. You want a lender that needs very little documentation and close within a week if needed. If that can't be done due to paperwork, appraisals or other items, you probably will need to find a new lender.
Ian Walsh
215.839.3271
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