Real Estate Agent · NJ · Member since 2018 · 95 posts · 31 votes
Hi All,
I received an accepted offer on a property but unfortunately was not able to find the funding in time. Conventional mortgage will not work as it is a commercial property turning into a residential with no active kitchen. Property is still on the market and I am sure if I can find the funds they would consider me again.
The property is going to be a challenge but since I don't have experience in investing I don't know if a hard money loan would work.
Lender · Fort Worth, TX · Member since 2016 · 8k+ posts · 6k+ votes
2y
@Cassandra Alessio what are you doing with the property? Meaning, are you rehabbing it into a single family home? Is it going to be a gas station? What's the end goal for this property?