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Updated over 5 years ago,
Need Hard money Loan for Multifamily
I need a 300k loan to buy & rehab a duplex I want to add to my portfolio I am not going to live in it so I am looking for a landlord loan for an initial purchase & rehab. Need at least a yr to refinance as I want to us rental income to qualify.
Questions:
1. Has anyone used InTrust Funding (Bellevue Washington) or Core Vest Financing? What was your experience with initial funding, preapproval and payouts.
2. Does anyone know a private lender in Tacoma WA or surrounding area who will let landlords use a property with 100% equity in portfolio in lieu of down payment.
3. Any other advice is welcomed
Thanks in advance for input.
Cheri