All Forum Posts by: Jay Lancaster

 So say it was 25k on the acquisition and 75k on the rehab where I put no in and this is my first deal. What exactly would the 15% and 5 points look like in repayment terms where we did a cash-out Refi upon project completion? In Detroit would I have to wait longer than they 3 months it would ideally take to complete the  rehab?

I'm working with a partner in an effort to acquire 8 properties to buy, fix and hold. When the same private lender is providing the funds for property acquisition and the estimated 3 to 4 months rehab costs what are the "customary" (If there is such a thing) percentages that would or should a person try to negotiate on repayment from an immediate cash out Refi? Should the Acquisition loan repayment be separate from the rehab loan?