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After I have purchased a loan with either a private loan or hard money loan. How soon can I refinance the home?
Hi BP members, I recently purchased my first duplex as a house hack rental in Central Connecticut but I became curious about private money or hard money loans. Does anyone have any experience doing one of these deals ...
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We have decided to use a private money/hard money loan for our next (2nd) flip. How does this work? Do we apply for the loan and then find a property? Or do we find a property and make an offer contingent on approv...
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Found a great article detailing the pros and cons of both Hard Money and Private Equity. Enjoy!
http://www.finweb.com/loans/hard-money-vs-private-money-in-real-estate-investment.html#axzz3375gYG6A
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You need to fund the final 20% need to acquire the property. You decide to go with a Hard Money lender with high interest costs but your plan is to refinance the HML into a conventional loan after maybe 6 months of se...
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Lets say i have found a property that im interested in what do i need to get together to get an approval for a Hard Money Loan.
Thx for future replies!
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Pros, cons?
The realtor I work with found a foreclosure that looks promising if I put in the work. I went for a viewing yesterday, and it needs a bit of work but I can see the potential in it if I buy it for ...
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I found a hard money lender accredited by the bbb and they are willing to finance 100%. I know that there is a premium for their services, ie high interest but is there anything I should be cautious about with taking ...
Does anyone know if there is a hard money lender that covers closing costs and all the extra fees associated with it? It is some what hard to find it online.Thanks.
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When taking a hard money loan out. Do you pay a monthly payment back or how does it actually work?I am very new to this, but want to educate myself on the knowledge i need to be able to pull the trigger on my dream of...