hard money lenders for flips short term and longterm

hard money lenders for flips short term and longterm

Member since 2021 · 22 posts · 11 votes

Is anyone else getting 6% on hard money on 1-4 units?  

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  • Lender · Winlock, WA · Member since 2013 · 1k+ posts · 1k+ votes
    4y

    It is possible to get in that range, but it generally will not be hard money, rather it will be a fix n flip money loan. Fix N Flip loans can take 3-4 weeks to close compared to hard money at 2-14 days. So if you are competing with other investors, you typically have to go hard money to close quicker to get the deal. 

    Who is the lender that you are getting 6% from?

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