Updated 5 months ago on . Most recent reply
How to get out of fix and flip
In December 2024, I purchased a condo through a fix and flip loan under my LLC. The loan is for 6 months. It's almost 6 months in June. I can't rent it because the HOA has a 2 year rental restriction and it's not selling. I can't get into a DSCR loan because I can't rent it. What can I do??! I do not want to refinance it under my name 😭 any help on guidance would be greatly appreciated!!!
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Ken M.
#2 Buying & Selling Real Estate Contributor
#2 Buying & Selling Real Estate Contributor
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- Scottsdale, AZ Austin TX
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Ken M.#2 Buying & Selling Real Estate Contributor
#2 Buying & Selling Real Estate Contributor
- Investor
- Scottsdale, AZ Austin TX
Ask the lender for an extension.