Updated over 5 years ago on . Most recent reply
Private Money Questions
So I have just a few questions about private money. I believe I might just be overthinking it but if anyone could help it would be greatly appreciated. I’ve been watching a lot videos and spoke to a few Private Lenders while wholesaling.
1st Question: if I have a lender willing to fund 75% of purchase price and 75% Rehab. Does this mean I’ll have to come up with a down payment?
2nd questions: I was reading that the PML can get paid if you refi. Does that mean only a “cash out refi “ or will a regular refi do the trick where the lender gets paid?