BRRRR, hard money loans for rehab, refinance, no $ down?
I'm new and I'm sure this is ask/answered, but I want to see if I'm looking at this correctly.
Question- is it possible to use a hard money loan for a rehab, then use the equity built up in the rehab to satisfy the loan-to-value requirements set forth by traditional lenders?
I currently have enough capital saved to pay 20% down, but if the scenario above is possible, I could get away with only putting 5-7% down and saving the rest for another deal.
Thank you,
Brian