Hard Money... What will my money costs be?

[Ricky Cassidy]

Using Hard Money... When can I refinance?

For example:

I buy a home for 100,000 cash using hard money. I do a light rehab using my own money. I find a tenant and have the home reappraised. How long can I expect to be paying interest on the hard money loan before getting a conventional loan? I understand it will be differnent for different loan applicants, I just want to have an estimate to use for running numbers and evaluating potentional investments. In short, how do I accurately estimate money costs?

[Wayne Brooks]

You could refi right away typically for the Same loan amount.....”rate and term refi”, assuming the amount meets the ltv (75% or so) based on appraisal.  A minimum of 6 months if you wanted to refi for more, based on appraisal.