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All Forum Posts by: Alfred Keen

Alfred Keen has started 1 posts and replied 1 times.

Buying & Selling Real Estate

Post: Changing a Fix and Flip to a Fix and Rent

Alfred KeenPosted
  • Wholesaler
  • Chevy Chase, MD
  • Posts 1
  • Votes 0

I need to refinance a Hard Money Loan as soon as project is complete and lease the home instead of Selling.  I'm just afraid that due to delays and expenses related to the hard money loan we will break even at best if we sell.  Whereas if we refinance and lease it out we will save on Real Estate commission, hard money interest and will allow the property to appreciate. Any thoughts as to whether this is a good idea?  Can someone point me in the right direction as far as what type of lender does this.

0 Votes