I've seen similar promises here in NY and it turned out to be 2 Loans - Loan 1 was a credit card cash advance and the second a more typical hard money loan.  

I received a check of over $20K at closing and will be cash flowing an additional $500/month.  

Although I see some lenders a bit more west of you doing 100% of purchase , 100% of rehab loans they are typically in CA and reserved for experienced flippers.The best I've funded this year is 90% purchase 90% of rehab (For borrowers with low 600's fico, 4-5 Points close, first time flipper, and rates in the 10s.  

Hello ALL,I just received my Real Estate License (AGAIN-first one in 2004) in the State of Florida 2 weeks ago but have been performing commercial property inspections for insurance underwriters for over 10 years.  

While doing my research I have noticed that a common theme for most first-time investors is that your first deal is typically the hardest, but, after the first, the rest come easily. 

Does anyone know if this price is usually a baseline and they are likely to receive more than their asking price or if it is common to offer a lower amount based on repairs needed?

I'm not sure where those banks have all their locations, but it has been quite the difficult task finding a bank to work with me on this one...Now to the property managing softwares that can allow me to have multiple bank accounts to receive ACHs without paying crazy amounts of fees and providing proof of registration with the state....ugh... good luck!

The husband will be receiving his military paycheck until February, but they do not have jobs lined up in North Carolina yet. 

Typical ratios lenders look for are 2.0 for global cash flow and 1.2 dscr for the individual property.

You give them a way out of where they are, and typically giving those people that way out saves them from a lot more heartache.