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11 January 2025 | 13 replies
One thing I am curious of - typically many of the hard money lenders will charge a 1-3 year pre-payment penalty in these types of scenarios unless your client paid points to not have that pre-payment penalty.
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7 January 2025 | 13 replies
She can set up payments to be paid on the 1st of the month and no one is driving 24/7.
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11 January 2025 | 15 replies
For a good tenant that has paid on time and was keeping the place in good clean condition I probably would have just eaten the charge.
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30 January 2025 | 8 replies
Another option is hard money for the purchase and rehab, which is paid off with a Rate/Term or cashout refi afterward.I would not have her deed the house to you so that you can borrow against it if she's selling it to you and not giving it to you.
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21 January 2025 | 74 replies
I've even paid for a subscription to have limitless access to all articles on multiple of these websites.
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27 January 2025 | 13 replies
I reach out to the landlord that they had before their current home to find out if they paid on time.
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25 January 2025 | 26 replies
You get paid when you CLOSE a sale as a broker/agent.
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7 January 2025 | 8 replies
Then connect with some hard money lenders (you can find some here on BP as well as some who are typing this right now) and connect with them to understand their product type, what they like to lend on and requirements.Hard money broker is all numbers game of making relationships and helping those that are looking for financing, it starts out slow but if you get with a few good borrowers and lenders it can be pretty decent money to be made.As an example we paid six figures last year to HM brokers.
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9 February 2025 | 36 replies
You get paid a 5% acquisition fee and regular cash flow with low risk.