Rehab Loan for Home I purchased cash
If I purchase a home cash that needs to be rehabed to be rented. Would it possible to get a rehab loan and then still be able to refi the home after the fact ?
Most Popular Reply
Yes you can use equity in a property for a cash out loan to fix the property or you can get a construction loan on the property based on the after repair value.
You also have the option of getting a loan to purchase the property with construction costs built in. (fix and flip loan ) .. As an exit you don't have to sell the property you can still refi once work is complete and rent out the property