Also would charge points at origination and bump the rate up a point or twoReason being my guess is this borrower can it get conventional financing so they are a higher risk.

My original plan was to buy 15-20 properties with REI if things went well. 

One great thing about fix and flip loans is that there is no early payoff penalty, so the original lender's commission is not at risk!

NRIA has denied any wrongdoing and no government action has been taken against it.ADVERTISEMENT“The sad reality is that many investors are relying upon a complete and total misrepresentation of material facts about the profitability and financial stability of the company to make an investment decision,” Minkow wrote of RAD’s advertisements in an October update to his report to the SEC on that company, originally filed in April.

Quote from @Rong Tang Tan: still waiting for mine to start...we got the permit but our builder is requesting an escalation so ended up swapping builder now w similar original cost and hope to start in a month or two... 

@Henry Clark @Jay Hinrichs This post was never meant to be about me as a Coach...notice my original post.

I will still stand for the review I gave it in my original post, I think Pace and his team and the community is amazing.

These are also the banks that are more commonly relationship lenders and will allow your originations to out pace your balance sheet if you are consistently able to execute on the projects they fund for you.

I originally started as 80% LTV and 12% + 1 point with 3 month prepay penalty 

They originally wanted 360k, but the mortgage would have the property running negative for the foreseeable future until all renovations are done, which I won't do.