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December 05, 2021, 03:10:47 pm
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Author Topic: rehabs and hard money lenders  (Read 1759 times)

Offline arnitaj77

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  • Posts: 9
rehabs and hard money lenders
« on: July 20, 2005, 08:49:24 pm »
Hello all!  My name is Arnita and of course I am new to real estate investing.  After studying many books I think it is finally time to dip my hand in the cookie jar.  

I will of course need to use a hard money lender and I think I have one lined up.  My question is, when you have no funds to use upfront  how do you work with contractors to get the work done if the HML dosen't pay improvements until they have been completed?  Are there some contractors who will work with investors who use HML's?  I just need a little clarification on the process of working with contractors to get the work done.  

Thanks!

Offline amusedtwinkle

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Re:rehabs and hard money lenders
« Reply #1 on: July 20, 2005, 09:07:42 pm »
most the time they will work off draws.
Please feel free to contact me. Thank You
Joleen Larsen
Bridge Capital
661 940-3070
[email protected]

Offline Alinkatomik

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  • Posts: 3
Re:rehabs and hard money lenders
« Reply #2 on: July 20, 2005, 09:26:18 pm »
Hi, MY NAME IS TOM AND I THINK SOME HML FUND FOR REPAIRS. THEY DISPERSE MONEY PERIODICALLY WITH INSTALLMENTS DURING THE REHAB


Offline amusedtwinkle

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  • Posts: 190
Re:rehabs and hard money lenders
« Reply #3 on: July 20, 2005, 09:34:43 pm »
yes that's exactly what they do.
Please feel free to contact me. Thank You
Joleen Larsen
Bridge Capital
661 940-3070
[email protected]

 




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