All Forum Posts by: Dawn Brown

It depends on the state the property is in.   Let me know if you need help in this area.

Most of my hard money lenders will require a downpayment as well, but one option that leverages OPM (Other People's Money) is seller financing.  Offer the seller interest and terms that might be attractive to them, and they may offer to be the bank for you!  Show them how they can make MORE money by financing it themselves.  Depending on their motivation for selling (immediate need for cash), this may be a win/win "Uppertunity" for you both!  Good luck!

Message me if you still have this problem.

I broker to lenders that will do up to 30 year loans as well on those long term holds.  Their rates are better than my short term lenders, and even better than the mid range terms.

I have a potential borrower who could have used an angel like you! 

Message me and let's see your scenario!  I may be able to refer you to someone.

If this is a non-owner occupied investment property, a hard/private money loan could work for you.   They are short term (9-12 months, typically), include funds for rehab, then you can refinance into your conventional loan at any time during the life of the loan (often without a prepay penalty, although you would have to pay interest only payments for at least 3 months).  RLT Private Capital

As you build your credit and your cash reserves, you also will need experience to borrower from a hard money lender, such as the ones I broker through. You may want to do a joint venture with an experienced mentor to start out, then break out on your own. Your city probably has a great REI group where you can rub elbows with experienced investors. Let me know if RLT can help you down the road. Good luck!

I can help, and within your LLC. Refinancing can be done with less than 6 months seasoning also. I'd love to look at your scenario and offer some solutions for you.

I'm a broker, BUT, to get in with little money, you could contract for a master lease until you've brought the property up to snuff and can get the loan done, but I hope you would bring it to me at RLT Private Capital, LLC when you're ready to go all in down the road.