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Wholesale REO from a Hard Money lender? I just closed using a Hard Money lender and now he is sending me several REO’s and told me he would give me favorable terms if I buy or a broker fee is find a buyer. May quest...
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Dear Wise Investors
I am currently looking to get a hard money loan on a SFH that I plan to rent out in Missouri.
ARV: $85,000, Purchase price: $58,000, Down payment: $8,700, Loan amount : $49,300, Cash flow: $2...
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I have some money in an ira that I want to use to invest. I was thinking about being a hard money lender with a friend. There’s a house that we want to go in on for 80k. I would fund 50% of it at 40k. The rent is a...
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I've got a handful of properties and gave recently been learning about hard money lending and would like to get into it. I'm having trouble finding either A) good resources that outline the process, or B) a mentor who...
I have just recently bought a rental property in an area near Denver which is not yet redeveloped like other places. But it has some desirability due to its proximity to three major hospitals and also walking distance...
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So I found a older gentlemen through a family member that he maybe interested in selling 2 all brick 4plexs. I called and briefly talked with him. Just curious on what he wanted and what rent was. I want to set an ap...
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Are hard money loans paid back monthly or all st once?
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Hello, I have fixed and flipped about 6 properties, done a few mortgage wraps and I have an opportunity through a broker to lend 100k to a borrower to purchase a great rental property at 12% 60 months interest only. ...
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I have some cash and want to be a hard money lender. What kind of stipulation or kind of contract should I use? I already have someone come to me to lend them the cash to flip a house and they offer 20% interest for l...
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I have some cash and want to be a hard money lender. What kind of stipulation or kind of contract should I use? I already have someone come to me to lend them the cash to flip a house and they offer 20% interest for l...