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Updated over 4 years ago on . Most recent reply

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Tom McCaffrey
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Hard money purchase and refinance with conventional loans

Tom McCaffrey
Posted

I was interested in buying multiple single family homes from one seller that wants cash. If I do a hard money loan and later refinance those properties does it become cost prohibitive based on closing costs on the conventional loans?

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Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
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Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
Replied
You will have a full set of closing cost for each home bc of the conventional financing. If you were doing a refi with a commercial lender they might be able to package them into one loan and save you on some closing fees. 
Good luck ! 
  • Curt Davis

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