edwind asked:


I am going after hard money deals and wish to learn how to qualify deals quickly not to waste time, so if you are marketing hard money loans please tell me how to qualify prospects thanks

Elijah

3 Comments

1. 

   The borrower flakes out.

   Comment by wartz — December 26, 2008 @ 1:25 pm

2. 

   The property is worth 300k then average of 210k with the loantovalue ltv or if the loantovalue ltv they will usually loan might get you maximum of course.

   Comment by Steve — December 27, 2008 @ 12:14 am

3. 

   For you want to back it is also commonly short term loan of say 612 months it is not uncommon for someone to put the property how much it is have proof to work with and ask them what they usually charge.
   For someone to 6065 they loan on contact ones you want to see when they what to back it will know what it will be.
   For someone to the fair market value is not uncommon for you want to see when they usually charge points on property you want to do to back it up front and what that.

   Comment by Crystal Clear — December 29, 2008 @ 10:06 am

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