All Forum Posts by: Hamid Sedaghat

Seasoning requirements for refi on a property vary, and in some cases with Hard Money Lenders do not exist (we do not have any). The original purchase price, rehab cost, current appraised value, borrower's credit, and Property Debt to Income ratio can determine your LTV and interest rates.

@Rebecca McDonald As a hard money and private money lender, I would confirm what several folks have mentioned...find the property, have the cash flow in place or lined up (lease), and hard money lenders will consider lending on your property.

@Tom S. Agreed. I am a hard money and private money lender, and we do not typically take 2nd lien positions. We do allow 2nd lien positions on our loans, and I know investors use private money to get the remaining 15-20% LTV

Hey guys, as a Hard Money and Private Money Lender I do only lend to entities (LLC's being the most common entity I see). It is true that it's an easy and fast process to create an LLC, and you can find a lot of resources online. If you are looking to tactfully set up your LLC in a particular way for long term use, it can be useful to consult with your attorney, especially when drafting your Articles of Incorporation and Operating Agreement to make sure your business has the flexibility you want and need.

@Mike Dymski Hi Mike, thanks for the insight. Are there any downsides, as long as you are able to pay yourself back (with interest)? Also, are you familiar with borrowing from your own IRA in a similar manner?