Jun 9 • Behind the Business
A lender gave me a simple rule before they'd look at any deal I send them.
5X.
They won't fund more than 5 times a borrower's liquid assets. That's the ceiling. But before we even get there, we run a faster filter first:
Liquidity minus down payment minus 15% of rehab costs has to be greater than zero.
If it's not, the deal's dead before underwriting starts.
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A lender gave me a simple rule before they'd look at any deal I send them.
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