Hard Money

100K borrowed - typical lender gets 10pts = 10,000
and lender gets 16-18% per year?= another 16,000
In one year lender makes 26,000 on 100K protected with property 60-70 loan to value?
How do you go about being a lender - are there licensing requirements etc. I am in the State of Florida

Comments(6)

  • QyitStorrm29th February, 2004

    Hi Fire580,

    Unfortunately I can't help you with your question as I am a newbie and still learning as much as I can, but my question to you is, do you know of a good real estate investment club in the Winter Springs/Oviedo area? Thanks in advance.

  • QyitStorrm29th February, 2004

    Hi Fire580,

    Unfortunately I can't help you with your question as I am a newbie and still learning as much as I can, but my question to you is, do you know of a good real estate investment club in the Winter Springs/Oviedo area? Thanks in advance.

  • fire58029th February, 2004

    Hello QyitStorrm - no, myself being new I haven't heard of one yet... but I do know there is a large one out of the Winter Park area

  • QyitStorrm29th February, 2004

    Fire580

    Thank you for the info, I will check it out and pass on any info.

    Thank you again.

  • InActive_Account29th February, 2004

    You should be able to find the info that you need at this site. http://www.dbf.state.fl.us/licensing/

  • fire58029th February, 2004

    thanks for the input Lacashman

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