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All Forum Posts by: Alex Yong

Alex Yong has started 2 posts and replied 8 times.

Post: hard money loan

Alex YongPosted
  • Middleburg, FL
  • Posts 8
  • Votes 0

@Jay Hinrichs hi , u are saying the u put that money up front and if they don't fund u u will loose it ?? that doesn't sound legal at all . like I said before I really want  to start flipping houses and I  appreciate every comment.

any advise on how should I start on this ? I don't really have any cash saved I just bought a house a month ago for me and my family . but I do have a nice monthly income  but looking for a extra cash input and not only that but help people find their dream house as well.

Post: hard money loan

Alex YongPosted
  • Middleburg, FL
  • Posts 8
  • Votes 0

thanks @Peter Mckernan.

I'm confuse about LTV, ARV and REHAB loans. I searched the internet but cat find a specific definition to understand what they really are but the ARV or rehab seems to be the ones that loan u 100% of the amount after the repairs are done. like final market value

Post: seeking information

Alex YongPosted
  • Middleburg, FL
  • Posts 8
  • Votes 0

John I already PM u the nformation u asked me for

Post: seeking information

Alex YongPosted
  • Middleburg, FL
  • Posts 8
  • Votes 0

thanks Angela and Mark for the insights.

Post: seeking information

Alex YongPosted
  • Middleburg, FL
  • Posts 8
  • Votes 0

Thanks David, that's a good advice "don't rush into things" by an change can u provide me with any information about private lenders ?

Post: seeking information

Alex YongPosted
  • Middleburg, FL
  • Posts 8
  • Votes 0

thanks for ur comment Logan , I been reading about this a lot and it does exist ARV (after repair value) type of loan that's comes with a higher interest rate and 0 money down. the profit is less but at least I can start making some profit and getting a few deals under my belt.

Post: hard money loan

Alex YongPosted
  • Middleburg, FL
  • Posts 8
  • Votes 0

how can u get a hard money loan with no money down , so I can get started.

Post: seeking information

Alex YongPosted
  • Middleburg, FL
  • Posts 8
  • Votes 0

hi, I'm Alex  I was told that I can start flipping houses using hard money loans with 0 down payment. is that true ??