ARCHIVED BLOG POSTS
2010
The caller says, "Hi, I just bought a property in Detroit for $1,600 cash (yes, sixteen hundred dollars) and need a local hard money lender to lend me money to rehab it, what are your qualifications?" Sounds like a reasonable requests, right? So I ask, "Well, let me ask you a couple of question...
03/20/2010
Here's our next available 1st mortgage Note, the amount is $45,000. The appraised value is $90,000 which gives you a 50% LTV. The borrower is buying the subject house as an investment for $74,000 and brought in approximately $38,000 cash to close, that's more than 80% of the loan amount. This a...
03/09/2010
Rainmaker
476,270
476,270
Trent Dalrymple (248) 854-0625
Allowing Mortgage Professionals to Lend Nationwide
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