All Forum Posts by: Brian K Morton

I wanted to use a HML because I don't have the funds to put 20% down, I would use a FHA loan but I am currently renting somewhere. Have you guys heard of HML companies that lend on rental properties like "Lending One" and "Visio Lenders" ? if so what are your views on those types of lenders ?

@Jon Reed  

@Tom S.

Thank you for the reply

The property is fully renovated, and I was thinking the same thing when I was told it was 15%, so I will look for another lender.

Dear Wise Investors 

I am currently looking to get a hard money loan on a SFH that I plan to rent out in Missouri.

ARV: $85,000, Purchase price: $58,000, Down payment: $8,700, Loan amount : $49,300, Cash flow: $260, 4 points

The term for the loan is 12 months and I am required to use a LLC on the property and I wondering what would you do with deal and how would you get out of the hard money loan without having to sell the property?

@Nicky Reader thank you for saving me from wasting $200!

Hello BP family! I am a new investor and I have been offered the opportunity to attend Than Merrill's 3 day workshop in Kansas City on September 27th- 29th. I was wondering if anyone went to one of Than's workshops before or heard about it? if you went to one how was it and is it worth the money and if you heard about it what did you hear ? Thank you!