All Forum Posts by: Noah Wright

I have a deal in a luxury market where I am looking to renovate a 5,000+ sqft house that is a bit outdated. I think I can buy it at a great price to make my margins work.

I have never used hard money, but this deal requires more cash than I would like to tie down (2mil). I am looking to use hard money for the purchase and my personal money for the reno.

Will hard money lenders lend on something of this size? Any recommendations are appreciated.

Depending on how much experience you have, we can absolutely fund 100% of the purchase + renovation. Zero down is one of our specialties. Happy to help --

1 Vote

Austin, Texas

Absolutely, happy to help --

0 Votes

Upstate New York, New York

Quote from @Ralph Trinidad:

Looking for 90% acquisition cost which will be about 50% ARV. No need for rehab financing. The guarantor on this loan has no previous experience however the person running rehab has 10-12 flips experience in the past 24 months but will not appear as a guarantor because of credit. Anyone offering this? PA property. Thanks.

Absolutely! Happy to help --

0 Votes

Allentown, Pennsylvania

Quote from @Troy Smith:

I’m almost done with the rehab on my first brrrr property. When should I refinance? Should I wait until it’s rented first or just start the refinance process right away?

This is my first Brrrr

Hey Troy! Great question. We have a solution for this where you do not need to wait to cash-out at normal 30-year interest rates! Happy to help, feel free to call --

1 Vote

Canton, Ohio

Quote from @Jamie O'Connell:

Hello!

Hi Jamie, Absolutely. Happy to help --

0 Votes

Upstate New York, New York

Absolutely, happy to help --

0 Votes

Detroit, Michigan

Quote from @Andrew W.:

Hi Andrew, thanks for the question.

We specialize in investment real estate lending.

1 Vote

Greenville, North Carolina

We specialize in this specific issue, actually. Happy to help --

1 Vote

Greenville, North Carolina

Cost of doing business. Different banks/lenders are going to have marginally different numbers, but as long as you're not getting an exorbitant interest rate, it's going to be more-or-less negligible. You'll find much greater difference in $$$$$ by refining your location/rehab/vacancy strategies instead of worrying about "how much it costs to borrow money" in this environment.

Nearly all of my clients are more concerned with a simple and headache-free funding process, than the "lowest rate." When your rental income is 1.5-2x the mortgage payment - as is typical for highly refined STR strategies - they're basically not concerned about the mortgage payment. It's more about how to multiply the number of homes producing that cashflow.

Bless

0 Votes

Gatlinburg/Pigeon Forge, Tennessee

Quote from @Jennifer Fernéz:

Quote from @Noah Wright:

Absolutely, happy to help --

Thanks! What is your preferred method of contact and when is a good time?

I have some time now if you'd like to hop on a call

0 Votes

All Forum Posts by: Noah Wright

Noah Wright has started 0 posts and replied 137 times.

Post: Hard Money Project

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