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Updated over 8 years ago on . Most recent reply

User Stats

55
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8
Votes
Lee Cruz
  • Winnipeg, Manitoba
8
Votes |
55
Posts

hard money part with the BRRR strategy

Lee Cruz
  • Winnipeg, Manitoba
Posted

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?

  • Lee Cruz
  • Loading replies...