hard money part with the BRRR strategy
Question about hard money lenders for my first BRRRR. If the property has an asking price of 140k and a ARV of 180k. And if i purchase it for 100k. Does the lender do a perecentage of the purchase price for 100k? So if i pay down the 20%=20k and they loan 80k?
Im sure im over complicating this, can someone clarify this for me? Thanks?