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All Forum Posts by: Will Biestek

Will Biestek has started 2 posts and replied 32 times.

Creative Real Estate Financing

Post: Hard Money Loans Explaination

Will BiestekPosted
  • Real Estate Broker
  • Connecticut
  • Posts 40
  • Votes 10
Thank you everyone for the information!
0 Votes
Creative Real Estate Financing

Post: Hard Money Loans Explaination

Will BiestekPosted
  • Real Estate Broker
  • Connecticut
  • Posts 40
  • Votes 10
Hello Bigger Pockets world. I was hoping someone can help breakdown what a hard money loan would look like. I know that every deal is different and everything can be negotiated but how does a hard money loan generally work? For example: $100,000 @ 12%. Are there monthly payments? If so, when do they start? Do I simply take $112,000 of profits and pay it as a lump sum back to the lender? Any tips or discussion would be greatly appreciated.
0 Votes