Rehab loan on a property I already own
hey! So I am very new to this and this question may be silly, but aside from anything conventional, could I get private or hard money just for a rehab on a property I already own free and clear? What would be the necessary steps to do so?
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@Mike Sands Well if you bought it for $9k and its a wreck then there's not lender that will touch it. I'd look into some 0% APR for the first 18 months Credit Cards but it sounds like the amount of money you're looking for is too small for most hard money lenders to want to get involved with.
I could be wrong.... dig through the hard money lender database on this site and see if someone does this in your area. Its under the "network" tab.
Best of luck on this project!
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