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Updated about 6 years ago on . Most recent reply

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416
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Bill Plymouth
  • Real Estate Agent
  • Philadelphia, PA
396
Votes |
416
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Using Hard money for a buy and hold

Bill Plymouth
  • Real Estate Agent
  • Philadelphia, PA
Posted

Is there any situation in which you would use a hard money loan for a buy and hold?  

Most Popular Reply

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1,384
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3,263
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Frank Wong
  • Real Estate Broker
  • Bay Area
3,263
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1,384
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Frank Wong
  • Real Estate Broker
  • Bay Area
Replied

No way, the interest will kill your rental income. Now if you use HML to buy rehab and refinance out then yes.

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