I Found a Deal!

[Michael Ramsay]

Hello Bigger Pockets!  My name in Mike Ramsay and I am a home renovator.  More about me later as this post is about a wholesale deal that I found and trying to find my end game with this property.  I'd like to hold this property for the next several decades and possibly move in (seasonally) down the road.  

Currently I am working a full time job at a Playhouse in Southern Maine, and renovating a HUD property that I bought with an FHA loan (which basically maxes out my DTI).

Now... I have lined up a hard money lender to finance the wholesale deal purchase price/renovation at 13% interest only and 4.5 points.   The loan term is six months with two 30 day extensions if needed.  So six months to fix and flip or refinance using another lender.  

I'm hoping you brighter minds of all things finance could help me figure out options for financing this property after the renovations are complete.  Selling would be easy....but I've love to keep this one as it's in a hot summer tourist town and will rent for a weekly premium!