If hard money is used for end buyers to purchase a flipper's property, what's the end buyer's down payment requirement, FICO score/credit history, what is the interest rate charged to the end buyer and for how long?

I realize this will depend on what you charge per machine - let me know any numbers (please include cost per machine if possible.)Thanks all.

Some have used credit cards also.

What I mean is, are the fees they charge standard around the country?

I have:Put the word out to bird dogsPassed out about 100 cards in the last weekmailed to NODS, lis pends, ectmass mailed letters and postcards to : BK's, Divorces, Obits, Forclosures, Judgments, Criminal arrest over 5000, City noticesI have selected certian areas and mailed everyone in the zip area.

I realize that sometimes we can't figure that out very easily, but sometimes we can pick up hints.Some examples of what I've done:While "looking at" the high up shelves and other hiding places I "found" lots of past due notices from utilities, credit cards etc.

Leave your cards on the door!

However, I've got a NET of $49K in it, so the income stream works out to about 12.25% on this deal.One other thing, obviously the agent didn't charge me any commission on showing the place to my buyers.

They're about 5 months behind on payments.Here's the numbers:FMV after fixing about $105K-$115K.Probably needs about $10K in repairs.Loan balance is about $48K,Bank wants about $5K in late charges and legal fees to date.Wife wants to walk with $7500.My attorney (who's also their attorney and brought me the deal) suggests paying the wife the $7500 (obviously I'd only do this into escrow subject to my getting marketable title.Then buy the bank out (HERE'S WHERE I REALLY NEED YOUR HELP), I sure don't want to pay them full face on the note, nor any late or attorney charges.

EG:I work for a broker that pays me 95% commissions, & charges $600. a month for admin fees.