Updated about 8 years ago on . Most recent reply
Strategy - Hard Money Loan to finance rehab - then refinance out?
We are buying two full rehab homes for <$25k in total - our strategy is going to be to fund the rehab with a hard money loan, build equity once the rehab is complete and then refinance the homes to get out of the hard money loans.
Is this a good strategy?
What are the major variables we should consider?
Most Popular Reply
You have to wait 6 month to cash out from these properties when you will use HML.