Down Payment Funding
Member since 2025 · 20 posts · 5 votes
Down Payment Funding
Most Popular Reply
Lender · Charleston, SC · Member since 2019 · 1k+ posts · 1k+ votes
1yQuote from @Jay Hinrichs:
Quote from @Ashley Price:
I’m not sure if you meant to tag me but we don’t have up front costs which is why it was not mentioned. These are the terms and lowest rates I’ve seen within my organization. Have a good day
I did mean to and I dont believe you that you have 5% interest rates for fix and flip loans.. bank rates are higher than that by 2 points plus there is closing costs and your broker fees.. I see this as either not real or a big time bait and switch and the OP simply is a newbie who can get sucked into wasting time and money on deals that are not real.
I dont believe they have 5% rates for any loans, much less fix and flip. Ten yr treasury is around 4.3% right and that's risk free with high liquidity and a tax advantage. No shot that some private loan at 5% isnt a trap of some form.
31 Replies
- 1yMike GrudzienPro MemberLender · Eugene, OR · Member since 2019 · 2k+ posts · 1k+ votes
Have you purchased the property already?
How much "skin in the game" do you have?- Member since 2025 · 20 posts · 5 votes1y
Quote from @Mike Grudzien:
Have you purchased the property already?
How much "skin in the game" do you have?Great questions I’m currently under contract on the property with closing lined up once I finalize the gap funding. The hard money lender has already approved $152,200, which includes the full rehab budget and most of the purchase price.
On my side, I’ve got skin in the game through holding costs and I’m personally guaranteeing the hard money loan. I’ll also be managing the rehab directly with my contractor team, so I’m fully committed to getting this project completed on time and on budget.
The numbers are strong with plenty of margin — purchase + rehab = $186k vs. ARV of $235k leaving projected profit in the $30k range.
- 1yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Amarri Persley:
Quote from @Mike Grudzien:
Have you purchased the property already?
How much "skin in the game" do you have?Great questions I’m currently under contract on the property with closing lined up once I finalize the gap funding. The hard money lender has already approved $152,200, which includes the full rehab budget and most of the purchase price.
On my side, I’ve got skin in the game through holding costs and I’m personally guaranteeing the hard money loan. I’ll also be managing the rehab directly with my contractor team, so I’m fully committed to getting this project completed on time and on budget.
The numbers are strong with plenty of margin — purchase + rehab = $186k vs. ARV of $235k leaving projected profit in the $30k range.
I see this math all the time.. I fear your 30k is going to turn into 10k or break even
my math would be
235k exit 10% for sales commish and buyer credits ( almost always need buyer credits at these price points) interest on HML and gap funder for 6 month hold 15k or so. Utls prop taxs and closing costs to title company on the resale 5k
so 235 ( 23,500) (15,000) (5,000) = 43,500 235k - 43,500 = 191,500 - 186,000 = Total Profit of 5,500.00
Now if you sell it yourself with no commish and no seller credits you can get to the 30k.. but that is rare in the extreme in most markets.. I fund these deals for a living and have been for 40 plus years.. this is what I see the numbers shaking out time and again.. 186k all in needs an exit at 250k to ensure some profit.. Unless your 186k is including the 15k in gap and HML fees and rates . U may want to explain this in more detail if your going to get an investor to take the huge amount of risk being behind a HML .. Just sayin. - Lender · Charleston, SC · Member since 2019 · 1k+ posts · 1k+ votes1y
Quote from @Jay Hinrichs:
Quote from @Amarri Persley:
Quote from @Mike Grudzien:
Have you purchased the property already?
How much "skin in the game" do you have?Great questions I’m currently under contract on the property with closing lined up once I finalize the gap funding. The hard money lender has already approved $152,200, which includes the full rehab budget and most of the purchase price.
On my side, I’ve got skin in the game through holding costs and I’m personally guaranteeing the hard money loan. I’ll also be managing the rehab directly with my contractor team, so I’m fully committed to getting this project completed on time and on budget.
The numbers are strong with plenty of margin — purchase + rehab = $186k vs. ARV of $235k leaving projected profit in the $30k range.
I see this math all the time.. I fear your 30k is going to turn into 10k or break even
my math would be
235k exit 10% for sales commish and buyer credits ( almost always need buyer credits at these price points) interest on HML and gap funder for 6 month hold 15k or so. Utls prop taxs and closing costs to title company on the resale 5k
so 235 ( 23,500) (15,000) (5,000) = 43,500 235k - 43,500 = 191,500 - 186,000 = Total Profit of 5,500.00
Now if you sell it yourself with no commish and no seller credits you can get to the 30k.. but that is rare in the extreme in most markets.. I fund these deals for a living and have been for 40 plus years.. this is what I see the numbers shaking out time and again.. 186k all in needs an exit at 250k to ensure some profit.. Unless your 186k is including the 15k in gap and HML fees and rates . U may want to explain this in more detail if your going to get an investor to take the huge amount of risk being behind a HML .. Just sayin.My thoughts exactly when I first read this - not enough margin in this deal. It will break even at best or possibly take a loss if anything unexpected happens. Too tight for high leverage of any form, especially for someone in 2nd position.
- Member since 2025 · 20 posts · 5 votes1y
Quote from @Jay Hinrichs:
Quote from @Amarri Persley:
Quote from @Mike Grudzien:
Have you purchased the property already?
How much "skin in the game" do you have?Great questions I’m currently under contract on the property with closing lined up once I finalize the gap funding. The hard money lender has already approved $152,200, which includes the full rehab budget and most of the purchase price.
On my side, I’ve got skin in the game through holding costs and I’m personally guaranteeing the hard money loan. I’ll also be managing the rehab directly with my contractor team, so I’m fully committed to getting this project completed on time and on budget.
The numbers are strong with plenty of margin — purchase + rehab = $186k vs. ARV of $235k leaving projected profit in the $30k range.
I see this math all the time.. I fear your 30k is going to turn into 10k or break even
my math would be
235k exit 10% for sales commish and buyer credits ( almost always need buyer credits at these price points) interest on HML and gap funder for 6 month hold 15k or so. Utls prop taxs and closing costs to title company on the resale 5k
so 235 ( 23,500) (15,000) (5,000) = 43,500 235k - 43,500 = 191,500 - 186,000 = Total Profit of 5,500.00
Now if you sell it yourself with no commish and no seller credits you can get to the 30k.. but that is rare in the extreme in most markets.. I fund these deals for a living and have been for 40 plus years.. this is what I see the numbers shaking out time and again.. 186k all in needs an exit at 250k to ensure some profit.. Unless your 186k is including the 15k in gap and HML fees and rates . U may want to explain this in more detail if your going to get an investor to take the huge amount of risk being behind a HML .. Just sayin.Thanks for the breakdown I really appreciate your perspective. Just to clarify, my $186k all-in does include the HML fees and interest reserves, and my closing timeline is projected at 3 months, not 6. With that structure, my projected profit is closer to $25–30k at a $235k exit. I do underwrite conservatively, though, so I definitely see why you'd run it your way. Appreciate the insight!
- 1yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Amarri Persley:
Quote from @Jay Hinrichs:
Quote from @Amarri Persley:
Quote from @Mike Grudzien:
Have you purchased the property already?
How much "skin in the game" do you have?Great questions I’m currently under contract on the property with closing lined up once I finalize the gap funding. The hard money lender has already approved $152,200, which includes the full rehab budget and most of the purchase price.
On my side, I’ve got skin in the game through holding costs and I’m personally guaranteeing the hard money loan. I’ll also be managing the rehab directly with my contractor team, so I’m fully committed to getting this project completed on time and on budget.
The numbers are strong with plenty of margin — purchase + rehab = $186k vs. ARV of $235k leaving projected profit in the $30k range.
I see this math all the time.. I fear your 30k is going to turn into 10k or break even
my math would be
235k exit 10% for sales commish and buyer credits ( almost always need buyer credits at these price points) interest on HML and gap funder for 6 month hold 15k or so. Utls prop taxs and closing costs to title company on the resale 5k
so 235 ( 23,500) (15,000) (5,000) = 43,500 235k - 43,500 = 191,500 - 186,000 = Total Profit of 5,500.00
Now if you sell it yourself with no commish and no seller credits you can get to the 30k.. but that is rare in the extreme in most markets.. I fund these deals for a living and have been for 40 plus years.. this is what I see the numbers shaking out time and again.. 186k all in needs an exit at 250k to ensure some profit.. Unless your 186k is including the 15k in gap and HML fees and rates . U may want to explain this in more detail if your going to get an investor to take the huge amount of risk being behind a HML .. Just sayin.Thanks for the breakdown I really appreciate your perspective. Just to clarify, my $186k all-in does include the HML fees and interest reserves, and my closing timeline is projected at 3 months, not 6. With that structure, my projected profit is closer to $25–30k at a $235k exit. I do underwrite conservatively, though, so I definitely see why you'd run it your way. Appreciate the insight!
Ok thats better but 3 months unless you basically have it pre sold is pretty tough to do you may want to run 4to 6 to be realistic also are you adding in seller credits for the buyer.. virtually every deal I fund that gets sold in this price range will have seller credits as these generally are first time home buyers on limited cash on hand situations. I would do both of those also to see how it flush's out.. How much are you penciling in to pay for a gap funder ? - Member since 2025 · 20 posts · 5 votes1y
Quote from @Jay Hinrichs:
Quote from @Amarri Persley:
Quote from @Jay Hinrichs:
Quote from @Amarri Persley:
Quote from @Mike Grudzien:
Have you purchased the property already?
How much "skin in the game" do you have?Great questions I’m currently under contract on the property with closing lined up once I finalize the gap funding. The hard money lender has already approved $152,200, which includes the full rehab budget and most of the purchase price.
On my side, I’ve got skin in the game through holding costs and I’m personally guaranteeing the hard money loan. I’ll also be managing the rehab directly with my contractor team, so I’m fully committed to getting this project completed on time and on budget.
The numbers are strong with plenty of margin — purchase + rehab = $186k vs. ARV of $235k leaving projected profit in the $30k range.
I see this math all the time.. I fear your 30k is going to turn into 10k or break even
my math would be
235k exit 10% for sales commish and buyer credits ( almost always need buyer credits at these price points) interest on HML and gap funder for 6 month hold 15k or so. Utls prop taxs and closing costs to title company on the resale 5k
so 235 ( 23,500) (15,000) (5,000) = 43,500 235k - 43,500 = 191,500 - 186,000 = Total Profit of 5,500.00
Now if you sell it yourself with no commish and no seller credits you can get to the 30k.. but that is rare in the extreme in most markets.. I fund these deals for a living and have been for 40 plus years.. this is what I see the numbers shaking out time and again.. 186k all in needs an exit at 250k to ensure some profit.. Unless your 186k is including the 15k in gap and HML fees and rates . U may want to explain this in more detail if your going to get an investor to take the huge amount of risk being behind a HML .. Just sayin.Thanks for the breakdown I really appreciate your perspective. Just to clarify, my $186k all-in does include the HML fees and interest reserves, and my closing timeline is projected at 3 months, not 6. With that structure, my projected profit is closer to $25–30k at a $235k exit. I do underwrite conservatively, though, so I definitely see why you'd run it your way. Appreciate the insight!
Ok thats better but 3 months unless you basically have it pre sold is pretty tough to do you may want to run 4to 6 to be realistic also are you adding in seller credits for the buyer.. virtually every deal I fund that gets sold in this price range will have seller credits as these generally are first time home buyers on limited cash on hand situations. I would do both of those also to see how it flush's out.. How much are you penciling in to pay for a gap funder ?Absolutely, the rehab is cosmetic, that’s where the tight timeline comes in. We don’t want to sit and let interest pile so 3-4 months is where 30k reach is. I have did my due diligence with closing costs especially with buyers, as a realtor I’m fully aware that is the hardship sellers end up paying. I won’t pay anymore than 3% to a realtor. My profit is still floating 25-29k after all of the expenses.
- 1yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Amarri Persley:
Quote from @Jay Hinrichs:
Quote from @Amarri Persley:
Quote from @Jay Hinrichs:
Quote from @Amarri Persley:
Quote from @Mike Grudzien:
Have you purchased the property already?
How much "skin in the game" do you have?Great questions I’m currently under contract on the property with closing lined up once I finalize the gap funding. The hard money lender has already approved $152,200, which includes the full rehab budget and most of the purchase price.
On my side, I’ve got skin in the game through holding costs and I’m personally guaranteeing the hard money loan. I’ll also be managing the rehab directly with my contractor team, so I’m fully committed to getting this project completed on time and on budget.
The numbers are strong with plenty of margin — purchase + rehab = $186k vs. ARV of $235k leaving projected profit in the $30k range.
I see this math all the time.. I fear your 30k is going to turn into 10k or break even
my math would be
235k exit 10% for sales commish and buyer credits ( almost always need buyer credits at these price points) interest on HML and gap funder for 6 month hold 15k or so. Utls prop taxs and closing costs to title company on the resale 5k
so 235 ( 23,500) (15,000) (5,000) = 43,500 235k - 43,500 = 191,500 - 186,000 = Total Profit of 5,500.00
Now if you sell it yourself with no commish and no seller credits you can get to the 30k.. but that is rare in the extreme in most markets.. I fund these deals for a living and have been for 40 plus years.. this is what I see the numbers shaking out time and again.. 186k all in needs an exit at 250k to ensure some profit.. Unless your 186k is including the 15k in gap and HML fees and rates . U may want to explain this in more detail if your going to get an investor to take the huge amount of risk being behind a HML .. Just sayin.Thanks for the breakdown I really appreciate your perspective. Just to clarify, my $186k all-in does include the HML fees and interest reserves, and my closing timeline is projected at 3 months, not 6. With that structure, my projected profit is closer to $25–30k at a $235k exit. I do underwrite conservatively, though, so I definitely see why you'd run it your way. Appreciate the insight!
Ok thats better but 3 months unless you basically have it pre sold is pretty tough to do you may want to run 4to 6 to be realistic also are you adding in seller credits for the buyer.. virtually every deal I fund that gets sold in this price range will have seller credits as these generally are first time home buyers on limited cash on hand situations. I would do both of those also to see how it flush's out.. How much are you penciling in to pay for a gap funder ?Absolutely, the rehab is cosmetic, that’s where the tight timeline comes in. We don’t want to sit and let interest pile so 3-4 months is where 30k reach is. I have did my due diligence with closing costs especially with buyers, as a realtor I’m fully aware that is the hardship sellers end up paying. I won’t pay anymore than 3% to a realtor. My profit is still floating 25-29k after all of the expenses.
so no listing fee your listing fee is rolled into the 25k . Let us know if you get a gap funder to go for this.. these are in the lending world the most risky loans an investor can make a small loan behind a large HML first.. My suggestion is to jump on Pace Morby's facebook he teach's this stuff and has a bunch of beginners who dont really realize the risk in gap funding.. BP tends to have some investors that might be to new to the game to realize the risk but most are experinced enough to know there is not enough profit on such a small gap fund loan to equate to the risk of the deal in total.. this is the type of thing you really need to do on your own to prove your bona fides or family friends that want to help you or CC advances Just sayin
Any way if you pull it off please post a success post and lay out all your numbers for others to learn from.. good luck. - 1yPatience EchemPro MemberMember since 2024 · 68 posts · 50 votes
Quote from @Jay Hinrichs:
Quote from @Amarri Persley:
Quote from @Jay Hinrichs:
Quote from @Amarri Persley:
Quote from @Jay Hinrichs:
Quote from @Amarri Persley:
Quote from @Mike Grudzien:
Have you purchased the property already?
How much "skin in the game" do you have?Great questions I’m currently under contract on the property with closing lined up once I finalize the gap funding. The hard money lender has already approved $152,200, which includes the full rehab budget and most of the purchase price.
On my side, I’ve got skin in the game through holding costs and I’m personally guaranteeing the hard money loan. I’ll also be managing the rehab directly with my contractor team, so I’m fully committed to getting this project completed on time and on budget.
The numbers are strong with plenty of margin — purchase + rehab = $186k vs. ARV of $235k leaving projected profit in the $30k range.
I see this math all the time.. I fear your 30k is going to turn into 10k or break even
my math would be
235k exit 10% for sales commish and buyer credits ( almost always need buyer credits at these price points) interest on HML and gap funder for 6 month hold 15k or so. Utls prop taxs and closing costs to title company on the resale 5k
so 235 ( 23,500) (15,000) (5,000) = 43,500 235k - 43,500 = 191,500 - 186,000 = Total Profit of 5,500.00
Now if you sell it yourself with no commish and no seller credits you can get to the 30k.. but that is rare in the extreme in most markets.. I fund these deals for a living and have been for 40 plus years.. this is what I see the numbers shaking out time and again.. 186k all in needs an exit at 250k to ensure some profit.. Unless your 186k is including the 15k in gap and HML fees and rates . U may want to explain this in more detail if your going to get an investor to take the huge amount of risk being behind a HML .. Just sayin.Thanks for the breakdown I really appreciate your perspective. Just to clarify, my $186k all-in does include the HML fees and interest reserves, and my closing timeline is projected at 3 months, not 6. With that structure, my projected profit is closer to $25–30k at a $235k exit. I do underwrite conservatively, though, so I definitely see why you'd run it your way. Appreciate the insight!
Ok thats better but 3 months unless you basically have it pre sold is pretty tough to do you may want to run 4to 6 to be realistic also are you adding in seller credits for the buyer.. virtually every deal I fund that gets sold in this price range will have seller credits as these generally are first time home buyers on limited cash on hand situations. I would do both of those also to see how it flush's out.. How much are you penciling in to pay for a gap funder ?Absolutely, the rehab is cosmetic, that’s where the tight timeline comes in. We don’t want to sit and let interest pile so 3-4 months is where 30k reach is. I have did my due diligence with closing costs especially with buyers, as a realtor I’m fully aware that is the hardship sellers end up paying. I won’t pay anymore than 3% to a realtor. My profit is still floating 25-29k after all of the expenses.
so no listing fee your listing fee is rolled into the 25k . Let us know if you get a gap funder to go for this.. these are in the lending world the most risky loans an investor can make a small loan behind a large HML first.. My suggestion is to jump on Pace Morby's facebook he teach's this stuff and has a bunch of beginners who dont really realize the risk in gap funding.. BP tends to have some investors that might be to new to the game to realize the risk but most are experinced enough to know there is not enough profit on such a small gap fund loan to equate to the risk of the deal in total.. this is the type of thing you really need to do on your own to prove your bona fides or family friends that want to help you or CC advances Just sayin
Any way if you pull it off please post a success post and lay out all your numbers for others to learn from.. good luck.Thanks to you both Jay and Amarri. Your civil back and forth interactions are a tread that one can learn from. Before this, I am not such I understood gap funding, but your explanations and advice are helpful. Best of luck to you Amarri.
- 1yMike GrudzienPro MemberLender · Eugene, OR · Member since 2019 · 2k+ posts · 1k+ votes
Not enough info in your "ask".
- 1yMike GrudzienPro MemberLender · Eugene, OR · Member since 2019 · 2k+ posts · 1k+ votes
Quote from @Mike Grudzien:
Not enough info in your "ask".
Joe,
Thanks for the Vote on my Post.
Check your Pending Connection Invitations.
I sent you one.
Mike
- 1yMike GrudzienPro MemberLender · Eugene, OR · Member since 2019 · 2k+ posts · 1k+ votes
Well, that's a more robust explanation. Good info.
- Lender · OK · Member since 2024 · 46 posts · 11 votes1y
I can see if we can get you funded. We fund in 3 days, rates as low as 5%, terms are 3,5,7 years with no prepayment penalty. Let's connect
- 1yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Ashley Price:
I can see if we can get you funded. We fund in 3 days, rates as low as 5%, terms are 3,5,7 years with no prepayment penalty. Let's connect
these terms are not real.. OP be careful of upfront money and getting taken advantage of. - New to Real Estate · Grand Prairie, TX · Member since 2023 · 54 posts · 30 votes1y
Quote from @Jay Hinrichs:
Quote from @Ashley Price:
I can see if we can get you funded. We fund in 3 days, rates as low as 5%, terms are 3,5,7 years with no prepayment penalty. Let's connect
these terms are not real.. OP be careful of upfront money and getting taken advantage of.If you don't mind my asking, what is OP? I saw it mentioned a few times in the thread
- 1yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Lauren Lockett:
Quote from @Jay Hinrichs:
Quote from @Ashley Price:
I can see if we can get you funded. We fund in 3 days, rates as low as 5%, terms are 3,5,7 years with no prepayment penalty. Let's connect
these terms are not real.. OP be careful of upfront money and getting taken advantage of.If you don't mind my asking, what is OP? I saw it mentioned a few times in the thread
sure its BP jargon for ORIGINAL POSTER IE in this case Amarri Persley - New to Real Estate · Grand Prairie, TX · Member since 2023 · 54 posts · 30 votes1y
Quote from @Jay Hinrichs:
Quote from @Lauren Lockett:
Quote from @Jay Hinrichs:
Quote from @Ashley Price:
I can see if we can get you funded. We fund in 3 days, rates as low as 5%, terms are 3,5,7 years with no prepayment penalty. Let's connect
these terms are not real.. OP be careful of upfront money and getting taken advantage of.If you don't mind my asking, what is OP? I saw it mentioned a few times in the thread
sure its BP jargon for ORIGINAL POSTER IE in this case Amarri PersleyOhh ok! Thank youu!
- Lender · OK · Member since 2024 · 46 posts · 11 votes1y
I’m not sure if you meant to tag me but we don’t have up front costs which is why it was not mentioned. These are the terms and lowest rates I’ve seen within my organization. Have a good day
- 1yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Ashley Price:
I’m not sure if you meant to tag me but we don’t have up front costs which is why it was not mentioned. These are the terms and lowest rates I’ve seen within my organization. Have a good day
I did mean to and I dont believe you that you have 5% interest rates for fix and flip loans.. bank rates are higher than that by 2 points plus there is closing costs and your broker fees.. I see this as either not real or a big time bait and switch and the OP simply is a newbie who can get sucked into wasting time and money on deals that are not real. - 1yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Ashley Price:
I’m not sure if you meant to tag me but we don’t have up front costs which is why it was not mentioned. These are the terms and lowest rates I’ve seen within my organization. Have a good day
Plus I dont think your up at 4am or 6am or 7am reading and posting on BP more like off shore LOL - Lender · Charleston, SC · Member since 2019 · 1k+ posts · 1k+ votes1y
Quote from @Jay Hinrichs:
Quote from @Ashley Price:
I’m not sure if you meant to tag me but we don’t have up front costs which is why it was not mentioned. These are the terms and lowest rates I’ve seen within my organization. Have a good day
I did mean to and I dont believe you that you have 5% interest rates for fix and flip loans.. bank rates are higher than that by 2 points plus there is closing costs and your broker fees.. I see this as either not real or a big time bait and switch and the OP simply is a newbie who can get sucked into wasting time and money on deals that are not real.I dont believe they have 5% rates for any loans, much less fix and flip. Ten yr treasury is around 4.3% right and that's risk free with high liquidity and a tax advantage. No shot that some private loan at 5% isnt a trap of some form.
- 1yJoe S.Pro MemberInvestor · San Antonio · Member since 2020 · 3k+ posts · 3k+ votes
Quote from @Patrick Roberts:
Quote from @Jay Hinrichs:
Quote from @Ashley Price:
I’m not sure if you meant to tag me but we don’t have up front costs which is why it was not mentioned. These are the terms and lowest rates I’ve seen within my organization. Have a good day
I did mean to and I dont believe you that you have 5% interest rates for fix and flip loans.. bank rates are higher than that by 2 points plus there is closing costs and your broker fees.. I see this as either not real or a big time bait and switch and the OP simply is a newbie who can get sucked into wasting time and money on deals that are not real.I dont believe they have 5% rates for any loans, much less fix and flip. Ten yr treasury is around 4.3% right and that's risk free with high liquidity and a tax advantage. No shot that some private loan at 5% isnt a trap of some form.
I think it’s some sort of credit card program not necessarily a long-term loan… the OP was asking for down payment money. Credit Card stacking could get them there. ( I’m not offering any sort of pros or cons of Credit Card stacking that’s simply what I think is being offered though.)
- Lender · OK · Member since 2024 · 46 posts · 11 votes1y
Firstly you should ask more questions before you make assumptions. It’s extremely unprofessional of you to assume without asking the proper questions. I see that you are a lender and have experience but lack the knowledge of the company I’m a white label with and it’s making you feel you know my business better than I do. Not sure if you’re trying to get points on here or how that works. However I specifically mentioned what OUR program offers thing most lenders do not “creative financing “ if you’d like to connect on a professional level I’m available but I do not go back in fourth it’s unprofessional.
- 1yJoe S.Pro MemberInvestor · San Antonio · Member since 2020 · 3k+ posts · 3k+ votes
Quote from @Ashley Price:
Firstly you should ask more questions before you make assumptions. It’s extremely unprofessional of you to assume without asking the proper questions. I see that you are a lender and have experience but lack the knowledge of the company I’m a white label with and it’s making you feel you know my business better than I do. Not sure if you’re trying to get points on here or how that works. However I specifically mentioned what OUR program offers thing most lenders do not “creative financing “ if you’d like to connect on a professional level I’m available but I do not go back in fourth it’s unprofessional.
Firstly you should ask more questions before you make assumptions.
OK here goes.😁
The rate you quoted did not lineup with industry so that was one of the elephants in the room. Maybe you could elaborate on that.
You also mentioned create finance in your reply. Can you elaborate a little more on that?
I read your profile and it appears that there could be a service provided as in Credit Card stacking… was that something you had in mind for the OP?🤓
- Property Manager · Cayman Islands · Member since 2024 · 4 posts · 0 votes1y
Quote from @Amarri Persley:
I’m currently working on a fix & flip project in Danville, KY and I’m seeking a gap funding partner to cover the down payment and closing costs.
Hi Amarri,
I am interested. Please feel free to reach out to further discuss.
Looking forward to hearing from you. - Lender · OK · Member since 2024 · 46 posts · 11 votes1y
I’m glad you ask! I do personal unsecured loans with investors. Basically it’s based on credit profile and income. That’s how my rates are able to work for investors and they are able to get funded without waiting more than three day and with 700+ credit scores I’ve seen rates as low as 5%. I’m partnered with an individual that does the credit card but it’s not so much stacking for business owners and those rates and terms are separate.
When I talk with investors and they are needing fast funding because of unexpected issues in rehab, ground up construction, PP, fix n flip, or fix n hold, even small business startups it's always the bank or lender wouldn't cover, didn't allow, they need some gap, EMD, but simply things occur. The investors that know they can't wait to go through the hassle all over again because, well time is money. I step in get them qualified or vetted and get them on the path to be funded.
- 1yMike GrudzienPro MemberLender · Eugene, OR · Member since 2019 · 2k+ posts · 1k+ votes
Ashley: "We fund in 3 days, rates as low as 5%, terms are 3,5,7 years with no prepayment penalty"
AND A FREE PONY IN YOUR BACKYARD!! - 1yPatience EchemPro MemberMember since 2024 · 68 posts · 50 votes
Quote from @Amarri Persley:
I’m currently working on a fix & flip project in Danville, KY and I’m seeking a gap funding partner to cover the down payment and closing costs.
Amarri,
How many flips have you completed before this one? How reliable is your team of contractors? Have you worked with them or they for you in the past? If Jay's math is right and there is a high chance of breaking even as opposed to making $30k, would looking for a better deal be an option especially if you don't have down payment or closing costs?
- Member since 2025 · 20 posts · 5 votes1y
Quote from @Patience Echem:
Quote from @Amarri Persley:
I’m currently working on a fix & flip project in Danville, KY and I’m seeking a gap funding partner to cover the down payment and closing costs.
Amarri,
How many flips have you completed before this one? How reliable is your team of contractors? Have you worked with them or they for you in the past? If Jay's math is right and there is a high chance of breaking even as opposed to making $30k, would looking for a better deal be an option especially if you don't have down payment or closing costs?
Great questions! This is my first flip under contract, but I do have experience in real estate already I’m a licensed Realtor and I’ve also done wholesaling. Plus, I’ve built a strong community of investors around me, so I’m not going at this alone.
On the team side, I’ve vetted my contractors and made sure I’ve got the right people in place to keep the rehab on track.
As for the numbers, my all in already includes reserves and I’m working on a 3-month timeline, so my spread is closer to $25–30k. I totally respect Jay’s math underwriting conservatively is important.
And yes, I’ll always keep analyzing new deals, but this one fits my strategy since it builds both profit and experience.
- Member since 2022 · 129 posts · 3 votes1y
Hi Amarri, this sounds interesting, I’d love to see how I can help. Feel free to DM me, or fill out this quick loan request form: https://forms.gle/kVcN2e4i6CbdtYgM6. You can also check us out at www.newhorizonsfundingsolutions.com.
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