Updated about 14 years ago on . Most recent reply
I bought property cash, can banks finance rehabs, how?
I bought this property for 11k, needs about 15k of rehab. I hold property under LLC. Property should appraise around 30k after repairs. First bank I called gave me a hard time because it's held under an LLC. Which banks do you guys use? any suggestions apart from hard money loans? I am not trying to flip but to hold for long term rental so I need low interest rate and long term for rehab loan.