Use a hard money loan to renovate a tax lien property
Hello everyone;
I am wondering if anyone has used a hard money loan to rehab a property they gained in a tax lien sale. Many tax lien properties need a lot of work. In the Baltimore area, where I am looking, most are empty shells. I know many hard money lenders will lend to rehab a REO or other deals people find. But what about when the investor already holds the deed to the property.
Has anyone experienced this or found they needed funds to rehab a property they have foreclosed after a tax sale.