Funds for Flipping A Home You Own?
Is it possible to get a funding from a hard money lender to rehab a home you already own before you sell it? Or are there any other recommendations?
Most Popular Reply
There is a rehab loan that can be done as a refi to pay off the current mortgage plus add dollars to rehab. Its based on what the future value will become with the rehab installed. So a HELOC would only consider todays value, not the updated future value.
I have done many of them with investors and happy to answer questions.