Wyatt Wolff
Hard Money, Helocs, and other jazz
12 February 2024 | 7 replies
Typically our lending partners programs are as follows:Rates: 10% to 14% (Most Deals are 12%)Terms: 1 Day - 24 Months (Most Deals are 6 months)Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $200,000 we charge $2,500 minimum)Max Loan: 65% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)We have private lending partners throughout the entire United States that cover the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, TN, TX, UT, VT, VA, WA, WV, WI, WY.
Travis Schmidt
Tenants refusing to pay for damages found during move out inspection.
13 February 2024 | 13 replies
I'm not sure about South Carolina, but in Delaware - we would send the security deposit charge letter (here has to be within 20 days) with full amount due.
Sonia De Sousa
Real Estate Investor
12 February 2024 | 5 replies
@Sonia De Sousa New Jersey is a great place to invest.
Vijay Radhakrishnan
New to BP Pro, Looking to Purchase 1st Property in Summer/Fall 2024
12 February 2024 | 3 replies
Thank you @Paul De Luca and @John Warren for the help!
Arshiya Taami
What are some requirements I need to get a Hard Money Loan for my first Fix&Flip?
12 February 2024 | 10 replies
Most work this way: Rates: 10% to 14% (Most Deals are 12%)Terms: 1 Day - 24 Months (Most Deals are 6 months)Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $200,000 we charge $2,500 minimum)Max Loan: 65% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)We have private lending partners throughout the entire United States that cover the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, TN, TX, UT, VT, VA, WA, WV, WI, WY.
Steven De Lange
First Investment in Myrtle Beach, SC
11 February 2024 | 8 replies
@Steven De Lange - Congrats on your first investment in Myrtle Beach!
Jason Zang
Realtor/Investor in Mid-Atlantic
11 February 2024 | 2 replies
Hi All - My name is Jason Zang and I’m licensed realtor in MD, DE, and PA.
Alex Sinunu
Finding and evaluating private lending mortgage brokers
12 February 2024 | 10 replies
Quote from @Orlando De Los Santos: If i were to interview a Private money broker i would ask the following.
Patrick Donohue
Long Island
12 February 2024 | 20 replies
Most work like this: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 we charge $2,500 minimum)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 WeeksWe have private lending partners throughout the entire United States that cover the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, TN, TX, UT, VA, WA, WV, WI, WY.