All Forum Posts by: Doran Summers
Doran Summers has started 21 posts and replied 497 times.
Post: refinancing to get all cash out
Doran SummersPosted
- Lender
- Chicago, Il
- Posts 608
- Votes 70
you won't be able to get all cash out. Most likely 75% ltv after 30 to 90 days of obtaining the property.
Post: Hard Money lender in AZ that will loan on ARV
Doran SummersPosted
- Lender
- Chicago, Il
- Posts 608
- Votes 70
I can help if you need it but most go between 65% to 75% Arv.
Post: How much does hard money cost?
Doran SummersPosted
- Lender
- Chicago, Il
- Posts 608
- Votes 70
It depends on your experience and loan amount. Most lenders range between 7% to 12%. 1 to 4 points in origination fees.
Post: First potential flip! Could use some advice.
Doran SummersPosted
- Lender
- Chicago, Il
- Posts 608
- Votes 70
Have you spoken to any contractors to get prices on rehab?
Post: Financing options after having just quit my job to go full time?
Doran SummersPosted
- Lender
- Chicago, Il
- Posts 608
- Votes 70
@mark as most were saying here you should focus on getting financing with little to no docs. The rates are higher than conventional but after 2 yrs you could refi.
Post: Greenville area lender question
Doran SummersPosted
- Lender
- Chicago, Il
- Posts 608
- Votes 70
I may be able to help. How much did you purchase it for? Was there any rehab done? What's the Arv?
Post: Just joined Pro Membership
Doran SummersPosted
- Lender
- Chicago, Il
- Posts 608
- Votes 70
Welcome to the forum Richard.
Post: New here from Allentown, PA
Doran SummersPosted
- Lender
- Chicago, Il
- Posts 608
- Votes 70
Welcome to BP Dave. Look forward to seeing you on the forum.
Post: Hard Money Lender Rescue
Doran SummersPosted
- Lender
- Chicago, Il
- Posts 608
- Votes 70
Is this an investment property?
Post: Newbie Real estate investor/ house flipping...Detroit
Doran SummersPosted
- Lender
- Chicago, Il
- Posts 608
- Votes 70
Welcome to BP. 😎