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9 May 2024 | 11 replies
Most work this way: 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 $2,500 minimum fee)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 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
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10 May 2024 | 3 replies
Don’t work with people who don’t value you.
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9 May 2024 | 14 replies
@Jeremy Porter I have a lender that allows cash out at 90 day seasoning based on full appraised value.
9 May 2024 | 0 replies
Conventional loan How did you add value to the deal?
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9 May 2024 | 11 replies
In this case as long there is 3-6 months seasoning, you should be able to cash out on the new appraised value.
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7 May 2024 | 2 replies
I'm genuinely excited about the prospect of connecting, growing together, and contributing to mutual growth.Looking forward to the possibility of working together.Thank you in advance
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10 May 2024 | 12 replies
I’m interested in using private money to get started and continue using the BRRRR method as I love value add and I’m able to do a lot of the work myself.
9 May 2024 | 0 replies
VA Loan How did you add value to the deal?
9 May 2024 | 3 replies
(if the property value is 115k) Then turn around and use the cash out proceeds for a down payment on another commercial DSCR loan to purchase a small multifamily.