All Forum Posts by: Tara Daniels

@Brian H. Hey Brian, never got your PM. Reaching out now

@Aaron Bitner

Hi Aaron, can I ask why Hard Money is not your preferred route? You will receive 90% of the purchase price and 100% of the $50k estimated in rehab costs.

@Hans Waisfeld

Hey Hans, I'd love to help you get started.  I just sent you a PM.  Let's chat. 

@John Korinke

Hi John, Since it is your first deal, yes the rate may be a little higher, but you'll be putting down a lot less money.  Also, if you know that you'll be done with the project in 6 months for example, you'd be paying half of the cost in interest making the numbers relatively close to going conventional. 

@John Leonard Depending on the kind of loan you're getting, closings can happen quickly. We can close in as little as 3 days but it does typically take 1-2 weeks to close.

@Jeff Diem

Hey Jeff, you can absolutely use a combination of your own cash and hard money.  Typically we require 10% down on the purchase and provide 100% of the rehab costs, but if you'd like to put more money down you're able to do so, it will also bring your rate down.  

The best way of locating/networking with individuals interested in partnering/investing would be to go to meetup.com and look for real estate investment meetings and also to leverage facebook groups for the same, as well as your local REIA organizations.

@John Leonard

Hey John, you should get a sense of their specific loan programs, minimum/maximum loan amounts, credit score requirements, areas where they lend, how quickly closings can happen, if they're a direct lender, what fees are involved...these are just a few to start with!

@Quintin Gulley Jr 

We lend nationally.

@Dylan Faitell

Hi Dylan, acquiring Hard Money for your first fix & flip won't be tough at all.  We work with new investors, please reach out with any questions.  I just sent you a PM. 

@Quintin Gulley Jr

Hey Quintin, depending on the deal and your strategy, using hard money for a rental property would be a good fit.  There are several programs out there and longer terms available, for example we have a rental program with a 3 year term 8%-9% fixed.