Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Most rehab loans offer 85 to 90 percent of the purchase price and 100 percent of the renovation costs.

Quote from @John Friendas: I am trying to find the cheapest funding on a property I recently offered on. 

I know when you make an offer you typically specify how you plan on funding the deal.

It’s been pretty competitive here (partly bc we’ve gotten some BP nods over the last year) but I’ve definitely noticed a drop in offers and competition.

These connections can provide insight into reasonable pricing and offer trustworthy referrals for future work.

Can you dig into a little more on the novation, why did the seller pick that strategy say over a cash offer?

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Here is a list of lenders offering such financing: https://www.biggerpockets.com/member-blogs/2810/50272-list-o...

Offering a refundable fee would have to come out of your pocket.