Daniel Botvynko
Hard money lenders in North Suburbs of Chicago
30 October 2023 | 16 replies
Here is how most work:Rates: 10% to 14% (Most Deals are 12%)Terms: 1 Day - 24 Months (Most Deals are 6 months)Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 Max Loan: 65-70% of After Repair Value(ARV) 100% Rehab Financing Available (Most Deals require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
Kalo (Kyle) Atanasoff
Looking for lender who does HELOCs on Investment property
6 November 2022 | 15 replies
To 10 business days; can finance the rehab.
Account Closed
Assigning Contracts / Wholesaling Questions
17 July 2012 | 26 replies
Just a quick simple way to do it. 1. sign a 1 page purchase agreement for all cash and a 60 business day close, your name/and or assigns.
Account Closed
Questions about Wholesaling in Texas
22 October 2010 | 6 replies
Possibly a 10 business day satisfactory inspection clauseI don't want a bunch of "out" clauses - your thoughts?
Stephen Tong
Facebook "Private Lenders"
22 March 2023 | 16 replies
I was recently offered this...Terms are flexibleJohnInterest Rate: 5.5% (Buy and Hold), 8.5% (Fix and Flip), Cashout/Refi (4.5%) Purchase 90%, rehab 100%, Origination Cost: 3pts, 10% Down Payment, Two (2) phase drawsJohnNO FICOClosing 7-10 business days, 1-30 years, Asset-based, Interest-only paymentJohn.
Vi Ho
Tenants' utilities
13 January 2015 | 8 replies
I fax all this stuff in same day, they say we got it, power will be back on in 3 business days or less.
Jay Gray
Resources for CA tax deed investors & research?
2 September 2023 | 15 replies
What gets wiped out in a tax deed auction in one state, may not get wiped out in another.The California Code that deals with tax deeds falls under the Revenue & Taxation Code (Division 1).In answer to your other questions, in California, the right to redeem (pay the taxes owed) on a property ceases at the close of business on the last business day PRIOR to the tax sale.
Jay S.
Beginner Landlord Questions
24 January 2018 | 15 replies
Collects rent online (takes 3-5 business days for it to deposit in my account), easy to do a tenant background and credit check (they purchase it and give me permission to view it, so they don't have to give me their SS#), and it has both a landlord and tenant portal, so you can communicate through that.
Aisha Scott
My Experience with DoHardMoney
29 August 2017 | 17 replies
If the initial numbers look good there’s no time to waste and we understand the need to get the results of the evaluation back to you ask quickly as possible. 6.The draw back to an appraisal, you’re hanging your hat on one individual’s opinion, the turn time is 5-10 business days, appraisers’ expertise is in establishing the As-Is Value not the After Repair Value.7.We do require a $2500 deposit to get access to 100% Financing.
Brian Cassanego
Online payment system
25 March 2023 | 5 replies
When they collect the rent, it usually takes five business days to transfer it into my account.