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All Forum Posts by: Ryan Davies

Ryan Davies has started 3 posts and replied 312 times.

Post: Approved for Hard Money

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 124

Most work like this:

  • Rates: 10% to 14% (Most Deals are 12%)
  • Terms: 1 Day - 24 Months (Most Deals are 6 months)
  • Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))
  • Minimum Loan Amount: $50,000 
  • Max Loan: 65-70% of After Repair Value(ARV)
  • 100% Rehab Financing Available (Most Deals require 20% of purchase price down payment or cross-collateral)
  • Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)
  • NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Post: How can I get financing for deals only working part time

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 124

Can do creative finance

Post: Seller financing on a BRRRR or house flip?

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 124

You don't have any money at all?

Post: Need guidance and advice.

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 124

Buy 1st position notes at a discount

Post: Enrolled Agent vs CPAs - Pros and Cons

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 124

Are you looking in Utah? Its important to work with tax professionals that are actually real estate investors themselves and understand cost seg etc.

Post: Seeking Hard Money Lenders for TN flips

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 124

Typically our lending partners programs are as follows:

  • Rates: 10% to 14% (Most Deals are 12%)
  • Terms: 1 Day - 24 Months (Most Deals are 6 months)
  • Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))
  • Minimum Loan Amount: $50,000 (For loans less than $200,000 we charge $2,000 up front before working the file)
  • Max Loan: 65-70% of After Repair Value(ARV)
  • 100% Rehab Financing Available (Most Deals require 20% of purchase price down payment or cross-collateral)
  • Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)
  • We have private lending partners throughout the entire United States that cover the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, TN, TX, UT, VT, VA, WA, WV, WI, WY.
  • NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Post: Would you buy your first rental property all cash or use leverage if you have 600k

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 124

It depends on what you're already doing with the cash. I personally have HELOCs against my portfolio so I can deploy cash as needed and then refi to get my cash back. That helps me avoid interest when the money isn't being used and helps me use money when I need to.

Here is how most work:

  • Rates: 10% to 14% (Most Deals are 12%)
  • Terms: 1 Day - 24 Months (Most Deals are 6 months)
  • Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))
  • Minimum Loan Amount: $50,000 
  • Max Loan: 65-70% of After Repair Value(ARV)
  • 100% Rehab Financing Available (Most Deals require 20% of purchase price down payment or cross-collateral)
  • Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)
  • NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Post: Hard Money Lender.......

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 124

Here is how most work:

  • Rates: 10% to 14% (Most Deals are 12%)
  • Terms: 1 Day - 24 Months (Most Deals are 6 months)
  • Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))
  • Minimum Loan Amount: $50,000 
  • Max Loan: 65-70% of After Repair Value(ARV)
  • 100% Rehab Financing Available (Most Deals require 20% of purchase price down payment or cross-collateral)
  • Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)
  • NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Post: PML, HML, Real Estate Loans, and Mortgages

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 124

Usually works like this

  • • Rates: 10% to 14% (Most Deals are 12%)
  • Terms: 1 Day - 24 Months (Most Deals are 6 months)
  • Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))
  • Minimum Loan Amount: $50,000 
  • Max Loan: 65-70% of After Repair Value(ARV)
  • 100% Rehab Financing Available (Most Deals require 20% of purchase price down payment or cross-collateral)
  • Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)
  • NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.