Has anyone dealt with not being able to finance a Hard Money deal into a Conventional Mortgage?
The scenario would be buying a fixer up with hard money and then doing a change in terms refinance with a conventional mortgage. Assume there is 20% equity from ARV.
Any tips on this?
As long as you have the income, DTI's, and credit to support the mortgage, you should be ok. A refinance also requires a 75% LTV on an investment property.
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