The TRUTH About Getting a 9.99% Hard Money Interest Rate! 🤯
Want a sub-10% interest rate on your next hard money loan? 🛑 People always ask me about the absolute best interest rates I see in the real estate industry. The truth is, we are actually closing a deal this week with an incredible 9.99% rate ! But here is the catch: to unlock that rate, the borrower is putting down 20% . If you want to keep more of your cash in your pocket and put 10% or less down, you should expect your rates to sit around 11% or 12% . It all comes down to how much leverage you need. The more of your own cash you bring to the closing table, the cheaper your capital will be! How much do you typically aim to put down on your real estate deals? Let me know in the comments below! 👇 And make sure to hit that SUBSCRIBE button for more real estate funding SECRETS! 🔔 #RealEstateInvesting #HardMoneyLoans #InterestRates #RealEstateTruth #InvestingTips
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