Dependable , Trustworthy HM Lender

4 Replies

We found a property being sold as is for 25k.

Work needed is 8k.

ARV is 60-65k.

Can anyone recommend me a trustworthy, dependable and experienced HML to help me secure my first fix and flip before NYE?

Originally posted by @Cedric Jenkins :

We found a property being sold as is for 25k.

Work needed is 8k.

ARV is 60-65k.

Can anyone recommend me a trustworthy, dependable and experienced HML to help me secure my first fix and flip before NYE?

You should be able to find a local one through a local REIA, REI meetups or Facebook REI groups in your area.

that most likly will need to be a local  most HM ers have a 50 to 75 to 100k minimum.

for many years I was the largest HML in Jackson MS  Hinds county etc.. becasue my niche was doing these smaller loans.. probably done almost a 1000 of them.. LOL.. for the lender though you cant charge normal HML rates you would make no money.. a HML needs to make at least 3 to 5k per file plus interest rates if they are to keep their doors open.. private lender mom pop not so much.. AS they are not supporting a staff and overhead etc.