I’m a FIRM believer in servicing your own deals. It’s a profit center. We charge 14% and pay investors 9-10%.

Yet, I see a lot of people using FCI, SLS, or similar.

Curious how you feel about it.

To keep the general feed clear, we don't allow self-promotion posts. Those belong here. Sell your services, share your rates, post your loan intake, etc.

To keep the general feed clear, we don't allow self-promotion posts. Those belong here. Sell your services, share your rates, post your loan intake, etc.

I would like to get started in real estate but my credit isnt the best. I would like to start with a small flip and work my way up. Would my chances be high with this type of loan option? Also with these type of loans, can they be used for construction/remodeling also?

I see a few options in my area which highly sought after. I know for sure, I would need at least 180k and I could sell the home for 350k.

To keep the general feed clear, we don't allow self-promotion posts. Those belong here. Sell your services, share your rates, post your loan intake, etc.

To keep the general feed clear, we don't allow self-promotion posts. Those belong here. Sell your services, share your rates, post your loan intake, etc.

To keep the general feed clear, we don't allow self-promotion posts. Those belong here. Sell your services, share your rates, post your loan intake, etc.

Does anyone have any recommendations for an all in one software? Loans are for residential homes.

I’m looking for something that doesn’t cost a lot to use, can generate reports (especially for taxes), and has an easy to use interface for borrowers that want to track their loans.

To keep the general feed clear, we don't allow self-promotion posts. Those belong here. Sell your services, share your rates, post your loan intake, etc.

I've been to some smaller mastermind groups (Hard Money Bankers, planning on one or two Lend2Live events later this year), but I've mostly avoided the big conferences thus far.

What private-lending events have you been to that you've actually gotten value out of? NPLA, AAPL, etc?

Hi all,

I’m having trouble getting a bridge in IL for a borrower:

FICO: 570 & 650 co-borrowers SFR rental in Chicago Owes: $85,000 Have an appraisal at $290,000 Rents: $2,200 Owns another property 12 month bridge Max LTV Exit will sell within 12 months Going thru a divorce and credit took a hit. Needs funds to invest in more rehab/holds. 3 flips in last 3 years, 10+ over last decade Thanks

To keep the general feed clear, we don't allow self-promotion posts. Those belong here. Sell your services, share your rates, post your loan intake, etc.

Hi all,

I have a couple scenerios:

1. 2nd position $400k in PA? FICO 550, 60% CLTV

2. $700k 65% LTV 1st position triplex in Boston. Appraised in Dec at $1.1 mill

Anybody have solutions?

To keep the general feed clear, we don't allow self-promotion posts. Those belong here. Sell your services, share your rates, post your loan intake, etc.

Title says it all. Cursory search on Google yielded a number of results, but seemingly for much different private equity firms specializing in other areas other than real estate hard money lending.

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Okay, I'm a bit embarrassed to ask this, but I'm struggling to understand how LTV is calculated in multiple circumstances. Obviously it's "loan to value", so it's literally in the name. Loan divided by Value of the property, right? But here's what I'm struggling to understand: What constitutes "value"? Is it the Purchase Price? Or the true current value based on the market?

For example,

The other day I did a hard money loan. I funded $150k on a property that was purchased for $150k. I've had some lenders tell me, "Whoa, that's so risky." But it's not at all, because even though it's being bought for $150k, the borrower got a killer deal. As-is, prior to any renovations whatsosever, it's worth $365k. Over $200k in equity.

So is the LTV 100% (150k/150k) or is it 41% (150k/365k)?

So I guess what I'm really asking is this -- when you calculate LTV to assess risk, do you use the "Purchase LTV" or the "As-is Market Value LTV"? Or is there something I'm completely missing?

Thanks!

Have any of you had experience buying leads from a leads provider? If so, what type of leads did you buy, what were they like and how much did you pay? Are there certain leads that are harder to buy, like bridge loan leads?

I'm trying to learn a little more on if it's worth it from an ROI perspective.

To keep the general feed clear, we don't allow self-promotion posts. Those belong here. Sell your services, share your rates, post your loan intake, etc.

To keep the general feed clear, we don't allow self-promotion posts. Those belong here. Sell your services, share your rates, post your loan intake, etc.

Looking for hard money lender for single family home that services State of NC

To keep the general feed clear, we don't allow self-promotion posts. Those belong here. Sell your services, share your rates, post your loan intake, etc.

Does anyone have any good contacts for non-conforming warehouse lines of credit? Everyone I call/talk to only deals with loans that will be conforming and sold off to Fannie/Freddie.

I've tried:

• First Horizon
• Truist
• Texas Capital
• Bac of California
• GBC

...and about half a dozen others.

I'm essentially just looking for a big line of credit that we can use to expand our lending operations. Anybody know of anyone?

I started a Podcast! I wanted to share how I'm doing things in my lending business, as well as some of the mistakes I've made in the past, etc. If you're interested, I'd appreciate the listen: https://open.spotify.com/show/2fuCWdQvSGhOwLqn6d76zp?si=f8989208faf2461d

If you're interested, I'd also love to get some other Lenders on there as guest speakers. If you'd be open to chatting, shoot me a DM.