Updated over 7 years ago on . Most recent reply
BRRRR questions first timer
some rookie questions ahead, hopefully others will benefit from the answers.
What’s the best way to find a hard money loan, private finance, etc? Ideally enough for purchase & rehab
How to determine reliable rental rate?
Once refinanced, is 75/80 loan-to-value fairly common?
Most Popular Reply
John Warren
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@Joseph Norton most hard money lenders will want you to put a decent amount of money down. I normally am seeing 20-30% down on these types of deals. They will also want to see some liquidity and decent credit, etc. I think the common misconception is that hard money will give you a 100% loan, and if you are new to the game that is pretty much never going to happen.