The SECRET to Negotiating With Hard Money Lenders! 🤯
Want to instantly gain leverage when negotiating your next loan? 🛑 If you want to get the best terms, you need to speak the lender's language! When you approach a hard money lender and use industry terms like "loan to cost" (LTC), they will immediately know you are a serious player who knows what they are talking about . This automatically gives you massive leverage in your negotiations ! So, what exactly does a good loan to cost ratio mean? Lenders will typically fund up to 85% to 90% of the total cost of your project, which is simply the purchase price plus your rehab budget . Once you know your total cost, your loan to cost is simply the maximum amount you actually need to borrow to get the job done . Start talking in their terms and watch your real estate funding options open up! Are you ready to negotiate like a pro on your next deal? Let me know what your current project looks like in the comments below! 👇 And make sure to hit that SUBSCRIBE button for more real estate funding SECRETS! 🔔 #RealEstateInvesting #HardMoneyLoans #LoanToCost #RealEstateNegotiation #InvestingTips
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