All Forum Posts by: Tara Daniels

@William D Banks II

Hey William, why not do a hard money loan? You'd be looking at putting 10% down and getting the rehab costs completely covered.  We have a few different loan programs that would work nicely for this, just sent you a PM. 

@John Korinke

Hey John, Congratulations on your first SFR rental! Why put down 20% with a conventional loan when you can but down 10% with a hard money loan and still do the refi you plan to do afterwards? Also, with hard money you're able to get a gift with no limits.

@Misty James

Asking for pof is very normal and as mentioned already, you can reach out to a hard money lender for one. Your main concern should be to verify the wholesaler's figures they've presented to you in their packet and to do your own due diligence since sometimes they provide inflated ARV's and deflated rehab costs. Expect that their numbers aren't 100% accurate, do your own research, and make sure you feel 100% comfortable moving forward before providing the non-refundable deposit that will be asked for next.

First Equity Funding is a hard money lender based out of Florida. We lend nationwide! We lend on fix & flips, new construction, commercial deals and other investment real estate. We finance new purchases and cash out refinances.

• Lending up to 90% of the purchase price
• Lending 100% of renovation costs
• Rates at low as 8% for flips & rental properties
• Interest only payments with no pre-payment penalty
• Loan amounts $80,000 - $5,000,000+
• Fast closings and simple documentation
• Minimum FICO: 600

Contact: Tara at 856-340-9127 or td[email protected]

First Equity Funding is a hard money lender based out of Florida. We lend nationwide! We lend on fix & flips, new construction, commercial deals and other investment real estate. We finance new purchases and cash out refinances.

• Lending up to 90% of the purchase price
• Lending 100% of renovation costs
• Rates at low as 8% for flips & rental properties
• Interest only payments with no pre-payment penalty
• Loan amounts $80,000 - $5,000,000+
• Fast closings and simple documentation
• Minimum FICO: 600

Contact: Tara at 856-340-9127 or td[email protected]

@Alexander Reed

Hey Alex, my best advise would be to have your financing in place already so that when you do find a property you're all set for moving forward to purchase it.  We lend in Colorado, please feel free reach out with any questions. 

@Matt Berklacy Hey Matt, responded to your email and left you a voicemail earlier.  Thanks for the thumbs up! Let's chat soon.  

@Anderson Hargrove

Hey Anderson, that sounds great.  I just sent you a PM.  

@Manuel DelaLlata

Hey Manuel, we can definitely help you out.  What length of loan term are you looking for? I just sent you a PM including some information about our rental loan programs.