The numbers above seem to make you a competitive buyer in the current FL 2018 market so I will actually buy something at that price with a 12% interest hard money loan, get it rented, eat the negative cash flow for during the seasoning period, and ultimately refi through a regular bank down to 5%.I will list the property addressI will list the bank used for refiI will put up my deal analysisMy property management search infoMy experience as a hard money borrower (Disclosure, I am a partner in the lender I will be using, but for this project, I will pay full freight as if I was a beginning borrower)I will put up all my expenses on the projectWhy should you pay attention to this thread?

Hello All,

I wanted to throw out a message in this positive BP universe.

My background is a GC vendor for managements in NYC, mostly roofing, exterior renovation, sidewalk repair, and some interior renovation (bath...

I simply never replied to him and within an hour he told me "Never mind I was able to borrow the money."

You could also do a seller carry back which may reduce your overall down payment but it will still be at least 20% of the borrowed amount and seller carry back is usually only done in commercial loans.

As a private/hard money lender, I have no problem with my borrower selling an option behind my position.

You mean “closing assistant”?

MFH, mobile home, assisted living I don’t really care.

Ive heard of people using down payment assistance programs to cover closing cost and down payments. 

The borrower just came out of BK which stayed the previous HOA foreclosure that they are continuing with, and we are now starting FC as the 1st lien holder.  

The borrower just came out of BK which stayed the previous HOA foreclosure that they are continuing with, and we are now starting FC as the 1st lien holder.I had an epiphany today, and confirmed with our attorney but just wanted others feedback to double check.