Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 6 years ago on . Most recent reply
Using HML on a flip with tenant occupied
I'm looking to pursue a flip using a HML, however the property has a tenant that is in a lease until the end of July. I understand that this may be an issue for some HM lenders so I'm wondering what are my best options? Thanks BP!
Most Popular Reply
Shaun Weekes
- Loan Officer / Processor / Life & Health Agent
- Rancho Cucamonga, CA
- 757
- Votes |
- 1,784
- Posts
Originally posted by @Martin Lindsay:
@Shaun Weekes I have not! What are some highlight advantages it could offer me for my scenario?
It would save you a lot of money and the process is streamlined. If you can qualify for this and you have no renovation experience this could be great for you.