I have investors that I set up loans with private money that only use this method because of the speed.

I dont know the market in Las Craces.....but in the DC area, we definitely have a seasonal adjustment on sales, and if the property was here, it would have been listed at the worst possible time. 

Ive worked with them before for another displaced family and it was great, they even adjusted the rate mid stay and was a big financial win for me. 

If you can network and find local players (FB groups, meetups) that could help speed it up

@Eva Sha In my experience, lenders only adjust the interest rate for someone with greater experience in real estate development.

If you work with the same lender that may speed up the process but expect a typical 30+ day closing.

Often that software will speed things up like crazy for you...might give you the equity number so you're only going after properties with X amount of equity. 

Depends on really what you are looking for:-Speed - some HMLS can go "no appraisal" so can close very quickly and beat cash offers if you are in a competitive market to buy-Interest Rates - can range anywhere from around 8% to 13% (same with "points") but not usually as huge of a concern for flippers since the terms are so short-Leverage - depending on your risk appetite / capital - this is also a top concern for some (almost always over and above rates/fees) can see anywhere from around 80% LTC to even mid 90s LTC (including 100% of rehab budget)

Just make sure your attorney reviews it and make all necessary adjustments prior to signing.

After doing quite well in the CT market space, I’m finally starting to adjust to the Ca market.I think it’s key to be in the know about off market deals, for both your primary and investment.