Updated over 3 years ago on . Most recent reply
A little help... Please?
Hello BP! I'm a noob here who has some questions!
1. I have found a couple properties (SFH, and Duplex) that are only in need of cosmetics (Flooring, Paint, other minor things) The numbers look great to me. However, I am confused as to how I'll be able to rent it out immediately after rehabbing. I thought you can't Rent out a property for at least a year..
What kind of Loan am I looking for? And do you suggest any specific lenders/companies? (I'm in Maryland)
I know I'll need a hard money lender. Purchase the property, rehab it, hopefully have it rented in 4-6 weeks. Then what? I know its Refinance but I just don't know what type of loan I'm looking for... I tried searching here and surprisingly couldn't find any answers.. TIA!!
- Richard