Agent2Agent in Levittown : Real Estate Advice

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Colton Hutch…, Real Estate Pro in Houston, TX
Colton Hutchins answered:
I have close to $150,000 in cash and am looking to become a hard money lender. What kind of ROI can i expect for a short term loan of 3-6 months?
I would ask at least 12%-15%. Do a six month renewable term on extension basis with repair draws. The less you charge up front, the more you can ask on interest.
0 votes Share Flag Tue Sep 15, 2009 Agent2Agent in 11756
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