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Florida Real Estate Q&A Discussion Forum

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Nick Macklin
Pro Member
  • Real Estate Agent
  • Oak Harbor, WA
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129
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Hard Money recommendations please!

Nick Macklin
Pro Member
  • Real Estate Agent
  • Oak Harbor, WA
Posted Mar 2 2019, 16:44

I have a deal I'm working that is very promising. Roughly speaking I'm looking at 95k purchase with 50k of rehab. ARV of 190-210k (I'm basing my numbers on 190k conservatively). They want cash and I need hard money to make that happen. I'd like to "delay finance" so I can cash out quickly so I would need the money all at once instead of a couple draws. Does anyone have any recommendations? I spoke to one company that was mentioned on the forum but he was way more expensive than I've seen newbies get. ~6500 in points and other charges to get $130.5k after a 10% down payment and then 10% interest only after that. Thanks in advance!

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