Hard Money/Bridge Loans for a Fix N Flip in Granite Bay

[Graham McBain]

I'm interested in a property in Granite Bay, It's not quite priced at Flip price but enough for me as an owner occupant. We're able to get a conventional loan but not for a month or two, so we're hoping to find someone to help us get into the loan and then refinance in a month or two. 

Is it feasible to buy the property w/ Hard-Private Money and then refinance with a conventional Loan? Does it need to be arms length?

[George Smith]

Hi,

Yes you can get the house thru private money and refinance but you definitely want to figure out how much equity to expect from a refinance.