All Forum Posts by: Jon S.
Jon S. has started 13 posts and replied 60 times.
Post: Looking for Second Lien Lenders
- Lender
- Dallas, TX
- Posts 71
- Votes 48
Thanks!
Post: Looking for Second Lien Lenders
- Lender
- Dallas, TX
- Posts 71
- Votes 48
Thank you!
Post: Looking for Second Lien Lenders
- Lender
- Dallas, TX
- Posts 71
- Votes 48
Can anyone recommend a good second lien lender? Thank you
Post: Looking for Second Lien Lenders
- Lender
- Dallas, TX
- Posts 71
- Votes 48
Can anyone recommend a good second lien lender? Thank you
Post: Looking for Second Lien Lenders
- Lender
- Dallas, TX
- Posts 71
- Votes 48
Can anyone recommend a good second lien lender? Thank you
Post: Looking for Second Lien Lenders
- Lender
- Dallas, TX
- Posts 71
- Votes 48
Can anyone recommend a good second lien lender? Thank you
Post: Looking for Second Lien Lenders
- Lender
- Dallas, TX
- Posts 71
- Votes 48
Can anyone recommend a good second lien lender? Thank you
Post: Title Companies in Dallas, Texas
- Lender
- Dallas, TX
- Posts 71
- Votes 48
Excel Title is solid...very experienced with investors. David Zermeno is the escrow officer out of Dallas.
Post: Fort Worth, Texas GC Recommendation
- Lender
- Dallas, TX
- Posts 71
- Votes 48
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.