I recently posted a private message for a hard money lender that I have used many times. If you are asking yourself who it is I will say they are a Utah only lender.
Anyway, I was asked after giving the referral if their terms are normal.
They posted a 12% interest, 4 month term and a couple of points.
These types of costs are normal for hard money lenders. Keep in mind that hard money lenders are definitely short term lenders only. You would never want to hold on to the loans for too long.
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If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
I recently posted a private message for a hard money lender that I have used many times. If you are asking yourself who it is I will say they are a Utah only lender.
Anyway, I was asked after giving the referral if their terms are normal.
They posted a 12% interest, 4 month term and a couple of points.
These types of costs are normal for hard money lenders. Keep in mind that hard money lenders are definitely short term lenders only. You would never want to hold on to the loans for too long.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125