Robert Nelson
How much does a hard money lender expect the investor to put in
Quick question.. how much does the typical hard money lender expect the investor to bring to the deal? On average is there a percent or does it vary by lender? Thanks!
Clarence Harris
Season or go with a hard money Lender for P&I product to repeat
I have a duplex that I purchased with 100k Personal lines of credit (great rates) BRRRR method. All my money is tied up. Now, If i season 6mos, at 75% refi and reasonable closing cost with a traditional loan, I will...
Igor Rabinovich
Can i get a hard money loan with an LLC with personal judgments?
Hi everyone, I’m new here. I’ll have $12k to put into a rehab deal in a couple of months. I just wanted to know whether hard money lenders would do a deal with a first time investor through an LLC even though i have a...
Thomas Dionne
Does anyone have experience being a hard money lender and what you grossed?
I have had a few offers from people who want me to lend them hard money. I was wondering if anyone had longer term real world experience on what they grossed /netted as a hard money lender? Please let me know what rat...
Chris Koeppel
Traditional funding seasoning timeframes to refinance a hard money Buy-an-Hold purchase?
Hi all,Situation: Evaluating a contracted $70k (ARV $120k) 3/2/2 SFR for a Buy-an-Hold rental at 1100/month, and with hard money lending at 15% (6 month term). With this temporary funding it is going to be break-even...
Account Closed
How do you feel about using a hard money loan for your investment?
Hello,
I have a investor who says it is ridiculous to pay 12% interest on a hard money loan. I tried to explain to them that leveraging your funds is a great way to protect yourself from further risk and that using h...
Clint McAllister
Between a Rock and a Hard Place: How Do I Make This Work?
Hey everyone!I just posted a few days ago about my situation, but this time I will simply:In short- I am currently under contract for buying a property zoned as a duplex/multi family. I did not find out until a few da...
Jesse Soriano
what is the average interest rates on a hard money 30 year loan?
what are the average interest rates I should expect on a hard money lender on a 30 year fixed mortgage? I'm looking at lenders who don't look at debt to income ratio.
Christian Walker
This is a great deal but Im having a hard time finding lenders
So I am trying to buy this deal. The verbal contract is at 45k and needs about 10k in repair. The house has a back apartment. I will end up getting 2k per month from the deal but I am having a hard time finding lender...
Corey Dutton
Buy a Membership to Get a Hard Money Loan? Are You Kidding Me?
Has anyone on this forum ever dealt with a hard money lender called, DoHardMoney.com ?? This company is charging a membership fee with the promise that 'students' will get 100% financing loans !! Then they charge a $5...