Ever wondered about the nittygritty of submitting a scope of work to a hard money lender? Hey guys, it's the Cap brothers, and today we're diving deep into this very topic! If you're stepping into real estate, understanding the hard money lending process is crucial. Why? Because they're not just handing you money; they want assurance that it's put to good use on your property.
In this detailed guide, we're unpacking:
The significance of the 'Scope of Work' and why lenders require it.
A sneak peek into our triedandtested template that has served us well
(Drop a comment for your copy!).
Key considerations: licensed contractor, general contractor license
requirements, and more!
A handson example of a duplex project, addressing challenges from fire
damage repair to roof reconstruction.
And most importantly, tips to navigate the payment process and get the
most from your lender.
Whether you're a seasoned investor or just starting, we've got insights to help you navigate this complex process. Ready to demystify hard money lending? Then this one's for you!
Hit that like button if you find this valuable, and don't forget to subscribe for more insights from the Cap brothers.
Disclaimer: This video is based on our personal experiences and is intended for informational purposes only. Before making any financial decisions, always conduct your own research and consult professionals.
0:00 Intro
0:36 Creating Scope The Scope Of Work with Rudy
21:05 Outro
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