so - if it appraises for 320k you'll get 70% out or 224K, and you'll pay 5-10K in fees for that 224K, so let's call it 215K. 

However, be mindful of the higher interest rates and fees associated with hard money loans compared to traditional financing.

They are no BS, provide great content on not only questions to ask a GP for example, but WHY you should be asking those questions and HOW to interpret the answers.If you are a GP (like me) its also valuable to understand what questions may be thrown your way.Thus I wanted to share (also I get no referral / affiliate fees to be clear, just sharing a good resource) .

Many won't care about the law and will volunteer to help you for a fee. 2) Hire a real estate agent.But then who will handle the application process and screening?

What fees are you taking?

@Juan De La Garza, there are two factors here: a) what are you expecting out of the sellers financials that will effect value?  

Also, full disclosure - I have utilized creative financing & transaction structures (installment sale transactions, had the seller take back 2nd position notes, baked brokerage fees into the agrement of sale  in off market transactions to name a few), so I am not opposed to it, but they were utilized in very unique and circumstantial land entitlement transactions. 

Another big factor in my search for an agent is someone who has extensive experience in the process of vetting prospective tenants. 

Consider factors like potential tax implications and long-term financial benefits before making a decision.

It may impact the loan and will require you to pay transfer taxes based on the assessed value, deed prep and some additional accounting fees to address basis.