Investor · Lithonia, GA · Member since 2012 · 231 posts · 43 votes
Hi all,
Trying to find ways to finance Buy and Hold investment properties faster and looking into possibly using Hard Money Financing to acquire the property and then refinancing with conventional funding.
My strategy has been in buying Buy and Hold properties <100K. Does anyone know of Hard Money lenders that would play in this space?
Ideally I would just get a Line of Credit but all my properties have mortgages so I do not know if that would be an option I could use at this state.
Rental Property Investor · Woodstock, GA · Member since 2017 · 517 posts · 772 votes
6y
We've used Atlanta Capital Lending and they are legit. Just make sure you talk down their interest rate as it can be high. But Tom over there is very helpful
Lender · Denver, CO · Member since 2017 · 348 posts · 143 votes
6y
This is possible. Most lenders will have a $50k minimum for properties that need rehab work ad a $75k minimum for refinancing rentals. You can look into a portfolio loan, I know most lenders will require at least 10 properties to be in the portfolio. You could also look into a personal LOC and then pay that off once you sell/refinance the property.
Trying to find ways to finance Buy and Hold investment properties faster and looking into possibly using Hard Money Financing to acquire the property and then refinancing with conventional funding.
My strategy has been in buying Buy and Hold properties <100K. Does anyone know of Hard Money lenders that would play in this space?
Ideally I would just get a Line of Credit but all my properties have mortgages so I do not know if that would be an option I could use at this state.
Did you happen to get a good recommendation on a HML for GA? I'm currently looking for one for a couple of deals in town ATL.
Rental Property Investor · Woodstock, GA · Member since 2017 · 517 posts · 772 votes
6y
We've used Atlanta Capital Lending and they are legit. Just make sure you talk down their interest rate as it can be high. But Tom over there is very helpful