All Forum Posts by: Darrin Carey

As I understand it, the bank is allowed to enter and secure the property to protect their investment if it is vacant. They are not permitted to enter if the property is still occupied.

For comparison, here's the typical hard money loan I currently see available the market.

• $0 buy in
• 4 Points paid up front
• Typical Closing costs paid up front
• 12% rate (less if you're experienced)
• 9-12 month term
• 20% down on purchase and rehab (as low as 10% of purchase and 0% of rehab IF you're getting a great purchase price and deal)
• 0 Profit split.

You need to have funds from somewhere to get a typical hard money loan. Fortunately hard money lenders don't care where the funds are coming from. Friends, Family, a partner, HELOC, it's all fine.

In my area, target flips with an ARV of 100k and up. It'll keep you in the right neighborhoods.

Lots of thoughts. Basic summary: Generally a good area for buy and hold. 2 baths preferred by most tenants.

We're direct buyers in Dayton Ohio. Add us to your lists for properties in the Cincinnati and Dayton markets. And the areas in between.

@Theresa White Sure are. May 9, and June 13 in Fairborn. Give me a shout and we can talk more. We have a lot of overlap in our backgrounds.

@Omar Merced Give us a call, and we'll see what we can do to help you out. The major team players are covered in the virtual rolodex.

Have your contractor sign up with "Square" https://squareup.com/. He can add 3% to his invoice to cover the fee.

@Neil Thomas Welcome to BP, it's a great site. And a quick shout out to our other local investors @Account Closed

You'll find a great community here. We also have a monthly meetup if you want to join us. it'll be posted under "Events and Happenings"

Hey @Steve Ipock, give me a shout with the rental package you need a loan for. The lower values limit your financing options, but it is certainly doable.