Hi, my name is Rene. I would like to know if a private or a hard money lender would finance 100% [base on 70% of ARV] all fees and rehab costs rolled into the loan? [Nationwide] My exit strategies are: Sell the property through a real estate agent. Sell owner financeing and lease option. I THANK YOU FOR YOUR HELLP.
W0ULD A PRIVATE OR A HARD MONEY LENDER FINANCE 100% BASE ON 70% OF ARV
70 percent is pushing it if you are not experienced. Also, be prepared to bringvlosing costs and points to closing and you may get all rehab rolled in. You are going to havd to have some skin in the game.
Thank you very much, Christopher.
thank you very much John
A private mortgage is the way to go if you have them lined up before you buy. They will finance based an their relationship with you. If you can show a good track record it is wide open as to the terms of the loan.