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Updated almost 4 years ago,
Loan Options in Fort Wayne, IN
I am looking for any feedback if anyone has had success with doing deferred lending with someone in the Fort Wayne or Indianapolis area. Specifically, I am looking for someone who is willing to put the rehab cost on the HUD for a BRRRR. I have the cash available for the purchase and rehab, but want to make sure I can "refi" out at 75% of the ARV without being limited to the purchase price and not having to wait for a 6 month seasoning period.
Specifically, I am looking to pull off this:
https://www.biggerpockets.com/blog/work-with-lenders-brrrr-method
If anyone has had success doing this in Indiana, or with a someone they know will work across states, please let me know.
Thanks, Mike