All Forum Posts by: Account Closed

I think a hard money loan might be a good idea and it closes fast. It also gives you time up to a year to to pay off the loan and your only making interest only payments. 

Hard Money Loans can be a great option for you. If you need help finding one PM I can help you.

@Joseph Norton Hard Money Lenders require some money down. Depending on experience they  can do 75%-85% of purchase price and 75%-85% of construction cost. Some of them are OK with low credit as long as their is not recent delinquencies and you have an explanation. You can find some in the directory. 

Hi Andrew why are you avoiding Dominican Republic? I know a quite few people who have been very profitable in this country. 

yes

@Jacob Trimble Welcome! 

You can find Hard Money lenders here in the directory by state. Good Luck!  My advice get many different terms and decide which one works best for your investment. 

I believe is an industry standard. You go some and they go some as well. Some Hard Money lenders can give you money  at closing to start the rehab so continue to call everyone. 

Congratss!

Question: Should you Flip and Rent or Flip and Sell? What has been your experience ?