Does anyone have any advice on where I could possibly get a private or hard money lender to cover 100% ltv? Or does anyone have any advice on how to piece different funds together to cover 100% of the acquisition and rehab funds needed? Any advice will help, thank you!
You're not going to find 100% financing except through M&D bank. Oh, the "M" and the "D" stand for "Mom and Dad". If anyone else is naive enough to loan 100% of the acquisition and rehab, take it fast, because they won't have money for long.
I've typically seen an LTV of 75% of the acquisition, and you bring in 25%, closing costs, and rehab costs. I'm starting to work with a lender that I believe will do better than that, look up Peak Asset Lending.
Thanks Darren, I will definitely look into your recommendation.