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Real Estate Investing Forums
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Real Estate Investing
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Financing, Hard Money Lenders, Credit, Qualifying
(Moderators:
$Cash$
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Bluemoon06
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kdhastedt
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Mdhaas
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christopher w
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motivatedceo
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W0ULD A PRIVATE OR A HARD MONEY LENDER FINANCE 100% BASE ON 70% OF ARV
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Topic: W0ULD A PRIVATE OR A HARD MONEY LENDER FINANCE 100% BASE ON 70% OF ARV (Read 1259 times)
Rene
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Posts: 4
W0ULD A PRIVATE OR A HARD MONEY LENDER FINANCE 100% BASE ON 70% OF ARV
«
on:
March 21, 2010, 11:50:22 AM »
Hi, my name is Rene. I would like to know if a private or a hard money lender would finance 100% [base on 70% of ARV] all fees and rehab costs rolled into the loan? [Nationwide] My exit strategies are: Sell the property through a real estate agent. Sell owner financeing and lease option. I THANK YOU FOR YOUR HELLP.
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christopher w
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Re: W0ULD A PRIVATE OR A HARD MONEY LENDER FINANCE 100% BASE ON 70% OF ARV
«
Reply #1 on:
March 21, 2010, 02:14:01 PM »
70 percent is pushing it if you are not experienced. Also, be prepared to bringvlosing costs and points to closing and you may get all rehab rolled in. You are going to havd to have some skin in the game.
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Christopher W
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Service First Mortgage
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http://www.facebook.com/YourfriendInTheMortgageBusiness
Rene
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Re: W0ULD A PRIVATE OR A HARD MONEY LENDER FINANCE 100% BASE ON 70% OF ARV
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Reply #2 on:
March 21, 2010, 02:31:55 PM »
Thank you very much, Christopher.
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Rene
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Re: W0ULD A PRIVATE OR A HARD MONEY LENDER FINANCE 100% BASE ON 70% OF ARV
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Reply #3 on:
March 31, 2010, 11:11:57 AM »
thank you very much John
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redhawk
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Re: W0ULD A PRIVATE OR A HARD MONEY LENDER FINANCE 100% BASE ON 70% OF ARV
«
Reply #4 on:
April 06, 2010, 07:54:52 PM »
A private mortgage is the way to go if you have them lined up before you buy. They will finance based an their relationship with you. If you can show a good track record it is wide open as to the terms of the loan.
Redhawk
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Real Estate Investing Forums
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Real Estate Investing
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Financing, Hard Money Lenders, Credit, Qualifying
(Moderators:
$Cash$
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Bluemoon06
,
kdhastedt
,
Mdhaas
,
christopher w
,
motivatedceo
) | Topic:
W0ULD A PRIVATE OR A HARD MONEY LENDER FINANCE 100% BASE ON 70% OF ARV
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