Hey I wanted to see from the lenders in here what is the rate or terms, that if you see it your ears perk up? This could be short, long term, interest only payments, rates above a certain percentage, whatever.
What’s a great deal for YOU, that’s reasonable, not nothing drastic?
As a lender, what is the rate or terms for you?
byu/Crazy-Edge-2778 inrealestateinvesting
Posted by Crazy-Edge-2778
1 Comment
No more than 5 years at 12% interest only if primary mortgage. Need 15% interest only and max 3 years as 2nd mortgage. If lending for a flip, 10% profit on what I lend with max 12 months term. If I am doing owner financing, no less than 8% APR with max 10 year term and the property is in a land trust where I am beneficiary until mortgage is paid off.