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Updated about 8 years ago on . Most recent reply

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24
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5
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Barry L Hohstadt
  • Kailua Kona, HI
5
Votes |
24
Posts

Traditional Financing After Rehab in BRRR Scenario

Barry L Hohstadt
  • Kailua Kona, HI
Posted

Here is a scenario I am thinking about if possible: 

Probably not qualified for traditional financing because of completing Ch13 within the past year, a FICO in the low 600's and possibly not employed because of working full time doing a rehab. But suppose I am doing the Rehab with hard money or OPM. Once the Rehab is complete and a renter is in place, would it be easier for me to get the tradition financing for the property?

Thanks!

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