Updated about 6 years ago on . Most recent reply
Rental Loans - Questions
Hi There,
I have a questions in regards of rental loans.
When a company (hard money loan) offers Rental loans. That one is for a property that has been rehab? (i buy and rehad and after that apply for the rental Loan? )
or
They finance the purchase + rehab and refinance (rental) ?
Another question, would be better to take one of these loans or should i buy the property and after that go to my local bank a do a Cash out refi?
I notice the rate in this rent loans are 4.99% and above. and i think i can get a better rate in my local bank.