As the number of investors swell, so do the number of "so called hard money lenders" Since the recession, a lot of hard money lenders, or as I will call them, "pretend hard money lenders" ask you this question. How mu...
As an up start investor, (8 months) I've been working to get that first deal. From door knocking, Internet, yellow letters, ect. Haven't landed that first deal because of no skin in the game and it's frustrating. Quit...
Hi-I have money to invest;-I invest longterm in the stock market, REITS and I'm looking to diversify;-Interested in real estate investing that is passive and remote/long distance;-I live in Dominican Republic but I tr...
Hi Everyone, This will be my first attempt to secure a hard money loan and I would like to know what to expect.Is the loan based on LTV or ARV. What type of interest is the norm, how many points should I expect? How ...
Do hard money lenders loan on just the wholesale purchase price, or do they loan on the amount needed for rehab as well?
Thank you
About 6 months ago I was working with a couple of investors who do short sales. I remember them saying something about not being able to do a simultaneous. Is that a California thing? Or maybe a short sale thing? Now...
Why do investors steer people away from wholesaling?
I have been approached by a great Construction Co. in reference to doing a JV on some flips in my area. He's seen what Ive been doing in my area and wants in. We briefly discussed it...nothing in depth. Im used to doi...
Is it feasible for a commercial lender to provide 80% financing and allow a secondary lender to finance the remaing 20% and closing costs?
Investment Info:
Single-family residence private money loan investment.
Purchase price: $60,000
Cash invested: $25,000
Borrower needed some cash out on a rental property for another investment. Prop...