I used a hard money lender to do a rehab. I also used some of my personal money to finish the flip. Can I recover any of my loses on the interest I paid or my other expenses? Thank you,
As stated, would like to find recommended person or company in the VA area (rockbridge county specifically) to get funding for a deal on a property.Preferably looking for recommendations from folks who have done busin...
I have submitted 4 offers on REOs today to start my 1st flip. I'm going to need hard money for this. When do I apply for HML? right now? After I get an offer accepted? Right now I have a ballpark on the rehab - do I a...
I have submitted 4 offers on REOs today to start my 1st flip. I'm going to need hard money for this. When do I apply for HML? right now? After I get an offer accepted? Right now I have a ballpark on the rehab - do I a...
I have a request for a hard money loan which is not put against a specific property, what is the recourse if it defaults and what could I do to prevent losing the money?
Short question: Can the interest from a hard money loan be used for tax purposes the same as a conventional mortgage? What if it is an interest only loan can it all be deducted on your taxes? Thanks for any input!Sorr...
A hard money loan is a type of non-bank loan that comes from a private money source. Hard money loans are known for their speed of funding, low hassle loan approvals, and higher interest rates. So why would anyone pay...
Hello, I am located in California and my husband and I found a house that has the potential to be a flip. We have money to put down, our credit is solid and we have a trust worthy and hard working relator (currently i...
So, I'm looking at various loan options. See attached jpgs. I'm working on my first deal. I am talking to a local lender who was referred to me. We had a good meeting, and he is giving me different options. We broke t...
I've been asking questions and getting much appreciated help,thanks for the love you guys!!Now I recently asked if I should get pre-approved before making an offer to an agent on a property for a flip? I'm mostly gett...