Let me know if you have any questions.

I have a question and would really appreciate your input.I’ve done a couple of fix-and-flip projects in the past using hard money lenders, but I’ve noticed that their fees and interest rates significantly cut into my profits.

Hi Michael,Thank you for your question!

Typically max leverage is 70CLTV - very higher Prepayment penalties and be ready for rates north of 12% - I answer this question all the time.

I had the same question when it came to my exit strategy.

If they have the funds to evict and re-rent to good tenants, they have solved the problem.

Ask lots of questions, read as much as you can, and then ask even more questions.

Below are some key questions I would suggest asking.Are you a direct lender?

Hey there is someone in the house, maybe I should knock on the door and ask them a few questions...like are they planning to sell the tennis court? 

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.