All Forum Posts by: Armando Fernandez

Thank you for the great info Nick Baldo! The lowest I've seen in my area so far is 12.99% + 0 - 4 points depending on any history. They said if I create a good history with them I can lower that. One more question I have, when going this route; once I have paid their interest and points and any additional fees, do they take a percentage from the total profit as well or is everything left over mine? Thank you again for all of your help!!!

Is it a bad idea to get a hard money loan for a first flip? Do you need money down? Do you get one under your name or a DBA or LLC? Do you pay monthly or is there a timeframe when it is due in full? I am brand new and would appreciate any information! Thank you!!!

Hello everyone!

My name is Armando Fernandez and I am a new member to BiggerPockets.  I have been in management for the past 10 years and am looking to connect with real estate investors interested in flipping houses in my area.  I have completed renovations on houses, condominiums, apartments and even restaurants.  I have also done electrical and satellite work.  I have managed many projects successfully and am ready to work full time in the real estate industry.

My goal is to meet investors willing to provide funds for flips for a return.  I am a trustworthy and hardworking person that would like to build good working relationships and ultimately make a lot of money in the process.