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Updated about 6 years ago on . Most recent reply

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9
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Ian Henley
12
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9
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Hard Money/Private Money Lenders

Ian Henley
Posted

Hello Everyone. I currently have four rental properties in Texas. Looking to expand further and seeking additional help financing some duplexes. Which Hard Money Lenders or Private Money Lenders do you recommend? I tried a few Hard Money lenders and most charged around 12 percent, plus points, plus around 5,000 in closing costs and I cant justify spending that on duplexes in the 90-100k range. Are there any Private Money Lending websites with very little fees associated with the loan? Thank you for all your help.

Most Popular Reply

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417
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150
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Dan Gamache
  • Lender
  • Boston, MA
150
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417
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Dan Gamache
  • Lender
  • Boston, MA
Replied

@Ian Henley If properties are rental ready and 1-4 units, you can get a 30 year fixed or adjustable with 20-25% downpayment with private lender. Rates should be a lot lower than 12%, based on credit score and downpayment amount.

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