ilmscore | Prediction Details
"their loans are probably going to be more standardized and they won't be able to give you these 100% loans with 0% interest and only asking for a percentage of the backside so they probably want you to have a certain credit score you're going to be expected to put down 10 or 20% of the down payment so you have your own skin in the game and they're going to ask for the money back in one year unless you want to pay significant fees"
By Sean Pan | July 24, 2024 | Correct
From video
How to Get Rich Flipping Houses For Beginners! 00:06:43 - 00:07:01
Interpreted Prediction
Hard money loans will be standardized, require 10-20% down, and generally expect repayment within one year (or incur significant fees).
AI Evaluation Notes
Based on a review of current hard money loan offerings, standardization has increased somewhat, and down payments of 10-20% are common. Repayment within one year is still generally expected, though fees vary.

Prediction Details

Topic
Real Estate Financing / Hard Money Loans

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