I am looking to get into investing in real estate and came across this advertisement. What do you guys recommend with something like this? I didn't know how to quote it or anything like that.
Need a Investor Fix/Flip, Home Buyer or Business Loans? Our Network has relationships with multiple private lending program opportunities matching you to the product that best fits your need and ability, whether good/bad credit.
Residential Flip", starting at 7.5%, Lower Fix Rate in select states, Interest Only, 9 months -- 5 years and longer Terms, No Credit Needed to Qualifying, No Income Verification, No Pre -- Payment Penalties on most programs, Up To 100% Funding, Same Day Transactional Funding , Self Employed, Owner Occupied, Bulk Portfolio, Commercial and Builder programs , JUMBO LOANS as low as 10% down & Nationwide Programs Available! Also Hard Money 2nds!
QUICK APPROVALS, FAST CLOSINGS w/CLEAR TITLE
Nationwide Direct Hard Money Loans - 90% PP/100% Rehab at 10% Rate * Fast Closings Typically 2 - 3 Weeks
-90% of purchase price
-100% of rehab (we prefer rehab be equal to or less than 50% of PP but can go higher)
-10% interest rate
-2-6 Point
-12 month term
-No PPP
-Up to 70% of ARV
-Stated underwrite with no seasoning or sourcing of assets
-We do NOT look at as is value (which I know some of you experienced some issues with previous funders)
-Brokers protected on the HUD
No seasoning on Foreclosures and BK
NO TAX RETURNS REQUIRED PROGRAMS ALSO AVAILABLE
Hard Money 2nd Mortgages, $100,000 Min!
Respond by email to this posting with your loan scenario and a licensed broker servicing your state will contact you to discuss your need and provide a no cost quote. References from broker are available upon your request. Call Directly with any questions you have show contact info
