Episode 261: Everything You Need To Know About Hard Money
The Loan Officer Podcast
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Home Builders Reimbursement Process
The rehab process is based off of reimbursing you. So if your roof is 10 grand, you need to have 10 grand to replace the roof and then I'll immediately reimburse you for it. People who are out there using hard money or private money in order to purchase real estate for the sole purpose of fixing it up and flipping it for a profit. The lender is going to require you to put 10 to 15% down on the purchase price, but they will fund your cost of rehab.
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