I just sent out letters to owners of vacant houses in my city.
But I have a l new job paid via commission , but solid hourly wage work history. I have good credit 740+ and very little debt. 20k to put toward deal.
I would like to flip or brrrr when I find a deal where the numbers work. My trouble is how to refinance from a hard money loan with my job situation. I don't want to just even do a flip with out a back up plan to get out of a hard money loan
What are some options to look into?
I've thought of 3 so far
Seller financed deal
Partner with someone who can get conventional financing.
I would appreciate any input thanks!
@Caleb Jordan check this previous post https://www.biggerpockets.com/forums/311/topics/501784-can-you-refinance-out-of-a-hard-money-loan
There are a few of unconventional lenders who can refi you into a long term loan with a stated income loan.
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