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Jordan Johnson
  • Pearland, TX
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Question: Hard money then refinance

Jordan Johnson
  • Pearland, TX
Posted Jul 12 2015, 10:20

I had a plan to buy my first investment property using a hard money loan, rehabbing, then refinancing with a conventional loan based off the ARV. I mentioned this to my realitor and she said that isn't really possible any more because a lot of appraisers got in trouble for over valuing houses and giving bigger loans than the houses were worth. How true is this? I don't think she deals with investors much, she's my fiancées family friend so she insisted on using her. Any help on the subject would be greatly appreciated.

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