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Rehabbing & House Flipping

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Maurice Thomas Jr
  • Chicago, IL
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Hard Money Lenders Approval

Maurice Thomas Jr
  • Chicago, IL
Posted Dec 19 2014, 11:16
First time looking into a hard money lender to fund a deal, I'm from the South side of Chicago looking for a local lender that knows the market well. Any red flags I need to look for on getting approved for a loan? MODERATOR: THIS IS NOT A SOLICITATION FOR A LOAN. NO ADS FOR LENDERS IN THIS THREAD, PLEASE.

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Crystal Smith
  • Real Estate Broker
  • Chicago, IL
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Crystal Smith
  • Real Estate Broker
  • Chicago, IL
ModeratorReplied Dec 20 2014, 09:14

Send us a PM & we'll send you some HMLS that provide loans for Chicago.  A red flag:  If they won't provide you w/ their underwriting requirements & ask for $ up front.

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Matthew Putnick
  • Chicago, IL
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Matthew Putnick
  • Chicago, IL
Replied Dec 21 2014, 05:27

NEVER pay money up front.

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