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Updated over 7 years ago on . Most recent reply

Chris Kraemer's profile image
Chris Kraemer's profile image
Chris Kraemer
  • from Midlothian, Texas
  • Member since Mar 19, 2017
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Chris Kraemer's profile image
Chris Kraemer's profile image
Chris Kraemer
  • from Midlothian, Texas
  • Member since Mar 19, 2017
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Chris Kraemer
  • Midlothian, TX
9
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Buying & Selling Real Estate

Newby house hack: do you need hard money before refi w FHA ?

Chris Kraemer
  • Midlothian, TX
Posted

I keep reading that I will need cash to be a competitive buyer to house hack (live in a rehab for a year then rent it out).

So, will I need hard money initially?

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Jaysen Medhurst's profile image
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Jaysen Medhurst
  • Rental Property Investor
  • from Greenwich, CT
  • Member since Aug 18, 2015
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Jaysen Medhurst's profile image
Jaysen Medhurst's profile image
Jaysen Medhurst
  • Rental Property Investor
  • from Greenwich, CT
  • Member since Aug 18, 2015
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Jaysen Medhurst
  • Rental Property Investor
  • Greenwich, CT
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Jaysen Medhurst
  • Rental Property Investor
  • Greenwich, CT
Replied

Chris, this really depends on your market. If it's super hot, you may have trouble acting fast enough without cash.

Hard money will be tough, as those lenders want to see a track record of a success.

  • Jaysen Medhurst
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