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Low-Risk Hard Money Loans with Guest Dyches Boddiford (Webinar)
February 22 @ 12:00 pm - 1:00 pm
Done properly, a hard money loan will be secured by real estate worth much more than your loan. Join us with guest Dyches Boddiford, as he gives some great advice on these types of loans.
From Dyches himself:
“Personally, loans I make are no greater than 65% of the fixed up price of the property. And if there is much fix-up to be done, I escrow the repair funds and provide draws only as the work gets done. The higher rates charged on these loans provide an excellent buffer for inflation and rate changes in the market. Want further protection? Rates can even be variable or your pension plan can even participate in the profits!”