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Updated over 2 years ago on . Most recent reply

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Gregg Fratto
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Need financing for investment property rehab

Gregg Fratto
Posted

I have an 2 family investment property that I owe $118k @ 5% 1 side is vacant in need of rehabilitation about $30k tops and I'm looking for funding....I don't want to do a cash out refi because the rate would be 7%-8% at $150k plus closing costs....is there any lenders that provide 2nd mortgage or rehab loans...or am I missing something....

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Ricardo Hidalgo
  • Real Estate Agent
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Ricardo Hidalgo
  • Real Estate Agent
Replied
Quote from @Gregg Fratto:

I have an 2 family investment property that I owe $118k @ 5% 1 side is vacant in need of rehabilitation about $30k tops and I'm looking for funding....I don't want to do a cash out refi because the rate would be 7%-8% at $150k plus closing costs....is there any lenders that provide 2nd mortgage or rehab loans...or am I missing something....

0% APR credit card for 12-16 months. I hold debt for Reno and business to keep pushing money into investment while making the minimum payments. 

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