Information to provide Hard Money Lenders

[Phillip James]

What information regarding a potential flip, would a hard money lender want?

[Don Konipol]

1. Appraissl

2. Title report

3. Survey

4. Copy of EXECUTED purchase contract

5. How much of your own money you are putting into the deal

6. Line item bid for repairs/improvements

7. Projected resale price

8. Projected length of time to perform improvements

9. Projected Draw Schedule

10. Analysis of housing demand in selected market

11. Who is your general contractor and is he bonded

12. Your prior relevant experience and track record

13. Where the monthly interest payments will come from during term of the loan

14. Amount of your capital reserves