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Updated 29 days ago on . Most recent reply

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Jason Murdock
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100% Funded Deals (Hard Money)

Jason Murdock
Posted

I have been looking into getting hard money for a fix and flip. Has anyone had success recently getting a deal fully financed? If so, what were the numbers on the deal to make that happen? 

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Jaycee Greene
  • Real Estate Consultant
  • St. Louis MSA
619
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2,562
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Jaycee Greene
  • Real Estate Consultant
  • St. Louis MSA
Replied
Quote from @Jason Murdock:

I have been looking into getting hard money for a fix and flip. Has anyone had success recently getting a deal fully financed? If so, what were the numbers on the deal to make that happen? 

Hey @Jason Murdock, welcome to the BP Forum! 100% financing isn't really a thing anymore. For most of my clients, the best loan terms I've seen are 85% of the purchase price + up to 100% of the rehab costs, as long as you have at least $10k in cash equity in the deal. I'm sure you'll get others on here with their experiences, including actual lenders.

  • Jaycee Greene
  • [email protected]
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