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Updated over 5 years ago on . Most recent reply

Christopher G.'s profile image
Christopher G.'s profile image
Christopher G.
  • New to Real Estate
  • from Pearland, TX
  • Member since Feb 11, 2020

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Christopher G.'s profile image
Christopher G.'s profile image
Christopher G.
  • New to Real Estate
  • from Pearland, TX
  • Member since Feb 11, 2020
Christopher G.
  • New to Real Estate
  • Pearland, TX
15
Votes |
32
Posts
Creative Real Estate Financing

Hard Money Loan payments

Christopher G.
  • New to Real Estate
  • Pearland, TX
Posted

I'm looking to use a 12 month Hard Money Loan to BRRR. My question is... For 6 months (or however long it may be until I am able to refinance), am I paying just the interest on the loan per month to the lender, or is it a case by case basis?

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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012

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Wayne Brooks's profile image
Wayne Brooks's profile image
Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,510
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

@Pete Storseth I think you mean a blanket loan on 5 sfh’s. No Fannie doesn’t “buy” loans made from private lenders. 

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