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All Forum Posts by: Michael McKenzie

Michael McKenzie has started 25 posts and replied 62 times.

Post: General Questions

Michael McKenzie
Posted
  • Lender
  • Cary, NC
  • Posts 82
  • Votes 13
Steve Snyder you did awesome thanks can you give me an example I can use to break down to other folks that don't understand real estate lingo like fake numbers.

Post: General Questions

Michael McKenzie
Posted
  • Lender
  • Cary, NC
  • Posts 82
  • Votes 13
Can someone break this down for me I had a Hard Money Lender tell me this. 1)$25,000 investment, yields 9% annual preferred rate paid monthly $187.50 per month. 2)For borrowers I will lend up to 90% of purchase price and 90% of rehab costs assuming loan amount is 65% of after repair value.