Hard Money Wisconsin

[John Ludwig]

Hello,

I’m getting ready to make an offer on my first property. There are a few places in The MILWAUKEE, area and Beaver Dam, WI.

I'm exploring the best ways to put 25% down on properties less than 180k and minimize my skin in the game so I'm able to BRRRR continuously and effectively.

I checked out the hard money lenders in Wisconsin and was surprised to see so many options with all of them residing outside of the state.

Does anyone have any recommendations on which to choose or could send me other contacts?

Also, do you know the typical term length for a 45k HM loan? Are there any penalties for paying off early?

Thank you!

John

[Tom Shallcross]

@John Ludwig - I'm a Chicago investor that has established a HL Line of Credit that works for both my IL and WI purchases (admittedly I've only done 1 in MKE).

It's typically an 18 month term with no prepayment penalty and interest only payments.  I use them for the purchase/rehab and usually refi 6 months after purchase to avoid seasoning and pay them off.

Feel free to PM me and I'll gladly give you more details and make an introduction if desired.