Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago,

User Stats

1
Posts
0
Votes
Adam Campellone
  • Lincoln, RI
0
Votes |
1
Posts

How to obtain rehab loan for flip in Atlanta

Adam Campellone
  • Lincoln, RI
Posted

Hello,

My business partner and I just recently closed on a home in ATL with a conventional 30 year mortgage for 260k. We need to complete about 80k worth of renovations. The arv is expected to range between 470-500k and can be backed with 3-4 comps. This is one of our first flips. I specialize in construction and project management and will be taking this project on full time. Since it is one of our first flips and there is a conventional mortgage, hard money does not want to take second position. Does anyone know If hard money lenders would take something like this on or if we should contact a portfolio lender for the rehab cost? Any other alternative routes or suggestions would be greatly appreciated  

Thank you