Rehabbing with Hard Money

[Account Closed]

I currently own some rental properties. I purchased them turn key.

I am looking to do a rehab with hard money. Please work with me on the funding process:

1. Find a property, put it under contract contingent to inspection and financing

2. Do a BPO or appraisal based on ARV

3. Find a lender and provide them with BPO/appraisal, repairs, pictures

4. Close on the property and begin rehab

[J Scott]

Actually, you probably won't need to do #2 in order to get the loan. The lender will likely do their own appraisal. The only reason to do your own is if you need the information for your evaluation.