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19 March 2024 | 7 replies
Buying would require that down payment and renting would not.
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19 March 2024 | 19 replies
Most lenders require this.5.
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19 March 2024 | 26 replies
I have only used hard money 1 time, and don’t remember the specifics of what their requirements were of my personal finances, if any.I’m curious, how many hard money loans could I take out at a time?
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20 March 2024 | 7 replies
Some lenders may require a stable work history to approve a mortgage, so be sure to discuss your options with a mortgage broker or lender.Network and Seek Guidance: Connect with experienced real estate investors, join local real estate meetups or forums, and seek guidance from professionals in the industry.
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19 March 2024 | 8 replies
Some states have licensure requirements for private lenders including California, Oregon, Idaho, Nevada, Arizona, Virginia, Florida, the Dakotas, Vermont... that may not be an inclusive list.
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20 March 2024 | 6 replies
I use a hard money lender, where they typically require 10-15% down payment on purchase of an investment property, and they fund the rehab.
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19 March 2024 | 5 replies
Also there less requirements to meet.
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17 March 2024 | 6 replies
Inventory is historically low, many new agents have the aura of desperation.
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19 March 2024 | 13 replies
Tell them your purchase price, work that needs to be done, and ARV as you're vetting them.Documents Needed for a Hard Money Loan might include:LLC DocumentsYour Credit ReportCompany Bank InformationYour IDSigned Purchase ContractRehab Budget Track Record of SuccessEvery hard money lender has different requirements, so some of these may vary.
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19 March 2024 | 30 replies
Meaning listing a home for sale will require MORE actions, efforts, energy, intelligence.