I am going to be buy a property using a private lender, we agreed agreed to 20% down payment, he’s covering 100% of the purchase price and the rehab, with 15% does this sound like a bad deal it’s my first property.
A mentor of mine with 400 units had said I can use a large seller credit to cover most of the down payment on a property I'm looking at. The DSCR lenders and Commercial bankers I've spoken with don't know what I'm tal...
Hello, bp community,Wanted to ask a few questions about hard money loans and the skin in the game part.I understand that hard money lenders require that you have skin in the game, what I would like to know is how much...
I had a thought today after reading some on hard money lending. I read that some HML lend up to 65-70% ARV. Could the scenario exist where 65-70% ARV is the AS-IS value of the property, actually giving you the ability...
If I want to apply for a HELOC I need the value of my home to go up. How much time does it take?
Im curious as to how to go about obtaining PML for a DSCR loan option. How would you structure a deal so that the private money could cover the down payment and fund the rehab in order to minimize money out of your po...
Folks do any of you know of a good hard money lender in IL That can do a quick close with 100% purchase price funding and rehab? I have the funds to cover the rehab until the draws to cover the projects. Thank you
Hi everyone ,I'm, a new member here at BP. I am a brand new investor about to do my first flip, and have little I can spend on the project, so I'm looking to borrow the full sales price (I believe this is possible?). ...
I am paying 45K cash for a building lot. The construction will cost approximately 200k.Is it possible to get reasonable financing for 80% of the cost including the land purchase? If so, who has the easiest application...
Is it an attractive arrangement when a contractor would pay for all rehab costs (per investors plan) on a property an investor buys, to give first refusal option to contractor to buy the house at ARV minus the rehab c...