Hard Money Lender to buy Foreclosure then Refi ASAP
Hi Folks! I'm thinking of buying a foreclosure or an undervalued property using Hard Money to buy in cash and then want to refinance to a conventional loan ASAP. This will be a primary residence to live in 2-5 years. We plan to either hold as a rental or sell to buy a primary + investment property.
Questions:
1) Would I need to have the title in my personal name so that I can refinance it based on our household W-2s and credit history?
2) How soon after the purchase can I refinance using conventional loan?
3) Has anyone does this successfully? If so, I would love to hear your story!
Thanks BP family!