How to Get a 100% Financing Hard Money Loan for Your Residential Real Estate Investment
Автор: The Investor's Edge
Загружено: 2024-02-23
Просмотров: 39063
https://www.theinvestorsedge.com/lear... This video explains how you can get up to 100% financing with us on your real estate investing hard money loans for residential properties. We break down our requirements and what to do if your loan doesn’t qualify. Here are the main things to know:
After Repair Value is known as ARV. We lend up to 74% of the property’s ARV.
For example, if you had a house with an ARV of $400,000 you would multiply that by 74%, which is $296,000. That means we could do a hard money loan for up to $296,000.
Now in that $296,000 you would need to include the purchase price, the rehab cost, the closing costs, 5 months of interest payments, and the loan fees. If all of that still fits under the $296,000 it will most likely qualify for 100% financing.
We also have a rehab limit of $150,000. That also need to fit within that 74% of the property’s ARV.
Get all your questions answered about our 100% financing program by scheduling a free consultation call with one of our investment associates by going to
https://www.theinvestorsedge.com/lear...
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