All Forum Posts by: Ryan Stuckey

Longhorn Investments is experienced and reputable with many years of experience in the purchase and rehab financing. First-timers are welcome with no experience required for rehabs under $100k. Up to 100% financing on available on purchase and rehab (loan size up to 75% ARV). Fast closings under 10 days. Active in Atlanta and locations in 10 other states.

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Hi Sylvester,
Check out Longhorn Investments, one of the leading hard money lenders out there (16 years, 9000+ closed loans) and very investor-friendly as shown by customer ratings and testimonials. One of the very few offering 100% financing on both purchase and rehab (yes, it exists and we close quickly on them). Now operating in Ohio and I'm your local DIRECT representative actually in the market.

Fix & Flip / Fix & Hold - 100% Financing on Purchase/Rehab Available in Columbus (biggerpockets.com)

Please contact me to discuss our program... [email protected].

Thanks,

Ryan

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Longhorn Investments is well known as a leading hard money lender in the US - 16 years and 9000+ closed loans worth of experience (and repeat/loyal customers who value our service and integrity). Now open in select markets in Ohio (state #10), including Cincinnati and Dayton.

Offering very rare 100% financing on purchase and rehab costs (up to 75% of ARV) with fast closings in 6-8 business days.

No experience required as well for small/medium rehab projects (yes, this is true).

Loyalty program with VIP pricing after three deals.

More info:

https://www.longhorninvestments.com/markets-served/ohio

A recent video about the top 4 myths about hard money lending:

Please send me a message if you would like to discuss our program and/or to get a quote on a specific property. I am happy to get on the phone at your convenience.

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Cincinnati, Ohio

What's the price of the program?

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Quote from @Erik Estrada:

Quote from @Sean Haran:

Hello all! I am based out of Los Angeles and I'm working on a long distance BRRRR deal in the hilltop area of Columbus, OH. I am planning to use Longhorn Investments hard money loan to fund the project. They're asking that I designate a project manager who would be able to visit the site regularly, but is not the GC. I basically have no idea who to use and am looking for suggestions/anyone who has worked with them before (or another lender with a similar requirement). I really like the fact that Longhorn will fund up to 100% of purchase and rehab costs (up to 75% ARV), that's why I was going with them in the first place. I have spoken to some other hard money lenders and most require 10-20% of the purchase price as a down payment. I have the cash but obviously if I don't have to put it down I'd rather not. At a crossroads now as to whether I should try to find someone who I can at least list as project manager (I have no clue if they actually would be contacting this person regularly or require really anything from them) or if I should just use a lender with less stringent requirements but that will require at least 10% of purchase as a down payment. Any advice/stories about a similar situation would be much appreciated!

Hey Sean,

I would first look at the cost of the loan. Usually these 100% financing loans have high points and fees along with an absurd rate. So it may be costing you more than just putting some skin in the game and recouping it back on the refinance or sale.

I have never heard of a hard money lender requiring this. If you are a first time investors, most hard money lenders will require you to work with a GC. But there are no other strings attached.

If you are experienced, you could do the renovations yourself.

I am curious to know if you ended up closing on this?

You're not quite as knowledgeable on this topic as you think you are. Longhorn has been doing 100% financing for 16 years with 8000+ closed loans and has a stellar reputation and many, many repeat customers. The rates/fees are not at all absurd and are right in line with 100% financing being a bit riskier than the typical 10-20% down on purchase. And there is a loyalty program after three paid off deals in good standards where rates/fees drop nicely to beat the 10-20% down programs.

Longhorn is also experienced enough (and looking out for the customer) to know that long-distance investors solely relying on a GC to stay on time and on budget can lead to problems. A bad first project for a new investor can mean the end of his or her REI career. Longhorn does not push bad deals and bad situations onto borrowers, it's better for all to turn down such deals.

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Columbus, Ohio

Hi Phyllis, let's connect, I am actually here in Cincy and we could talk shop about the local options both in NKY and across the river in OH.

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Cincinnati, Ohio

Quote from @Pradeep Patel:

Does it really make sense to use hard money loans since the rate is so high?

Do you like a high ROI?

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Longhorn Investments is well known as a leading hard money lender in the US - 16 years and 8000+ closed loans worth of experience (and repeat/loyal customers). Now open in select markets in Ohio (state #10), including Columbus.

Offering very rare 100% financing on purchase and rehab costs (up to 75% of ARV) with fast closings in 6-8 business days.

No experience required as well for small/medium rehab projects (yes, this is true).

Loyalty program with VIP pricing after three deals.

More info:

https://www.longhorninvestments.com/markets-served/ohio

A recent video about the top 4 myths about hard money lending:

Please send me a message if you would like to discuss our program.

1 Vote

Columbus, Ohio

We are looking for a couple appraisers focused on the Dayton area that would like to perform (initially) 1-2 appraisals per month for our hard money lending program for purchase & rehab projects. We are adding Dayton to our current activity in Cincinnati and Columbus metro areas.

Details:

- avg 3-4 business day turnaround requested (from order receipt to report submission)
- no AMC involvement (payment collected directly from the borrower/applicant)
- charge fair market rate to the borrower
- appraisal type is "as is value" + "after repair value" (URAR/UAD 1004)
- experienced and reputable lender with 16 years/8000 loans completed (and offering a rare 100%/100% on purchase/rehab financing structure)

Please contact me at 513-879-5945 or [email protected] to discuss.

Ryan Stuckey
Longhorn Investments

1 Vote

Dayton, Ohio

Hi Leigh, where is the flip project located? Charlotte?

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Charlotte, North Carolina

All Forum Posts by: Ryan Stuckey

Ryan Stuckey has started 13 posts and replied 168 times.

Post: Hard Money Lenders?

Post: Looking for Recommendations on Hard Money Lenders in Ohio

Post: Fix & Flip / Fix & Hold - 100% Financing on Purchase & Rehab Available in Cincinnati

Post: Jake Leicht - Flip Secrets

Post: Hard money lender wants me to designate a “project manager” separate from my GC/agent

Post: Hard Money Recommendations

Post: Hard money loans

Post: Fix & Flip / Fix & Hold - 100% Financing on Purchase/Rehab Available in Columbus

Post: Looking for 1-2 appraisers to handle growing volume in Dayton

Post: Seeking Private Lending for two projects