All Forum Posts by: Jon S.

Thanks!

Thank you!

Can anyone recommend a good second lien lender?  Thank you

Can anyone recommend a good second lien lender?  Thank you

Can anyone recommend a good second lien lender?  Thank you

Can anyone recommend a good second lien lender? Thank you

Can anyone recommend a good second lien lender?  Thank you

Excel Title is solid...very experienced with investors.  David Zermeno is the escrow officer out of Dallas.

Renovation Gurus is a solid company.  Google them and check them out.

There are HMLs that will lend up to 70% of ARV, but that does not mean you don't need risk capital. You don't necessarily have a down payment if the numbers are right though. The lender would theoretically be able to finance 100% of the purchase price and renovation costs. You would still need capital to start the rehab, debt service, and other contingencies. I have come across local private lenders that will advance or roll all of these costs in, but they require experience and are pretty difficult to find.