Updated about 2 years ago on . Most recent reply
New construction home then refi
Looking to have an investor fund my first new construction rental home, pay a percentage in return and then either cash out refi or HELOC. Anyone have some insights on what's a good percentage for borrowing up to $250k for a 12 month term or less and a good lender to work with regarding the refi in order to pay back investor and pull out more money to do it again? TY
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Thanks Scott. I have a private lender and have decided to pay him 8% return for $250k loan for a 1 year term. Then refi cash out. Then do it again!