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Updated 9 months ago on . Most recent reply
Investing property with Hard money lender
I just bought a property to flip with a Hard money lender, and started working on it and supposed to sell in 6 months. Do I really need to wait the 6 months? The house will be ready to sell in 3 months. Can I refinance? Or how long after can I refinance? I have to pay $2000 a month on interest only.
Do I need to get permits for all the work needed in it? What about if I don’t get permits?
any advice will be welcome please!
Most Popular Reply
Quote from @Lucy Rodriguez:
I just bought a property to flip with a Hard money lender, and started working on it and supposed to sell in 6 months. Do I really need to wait the 6 months? The house will be ready to sell in 3 months. Can I refinance? Or how long after can I refinance? I have to pay $2000 a month on interest only.
Do I need to get permits for all the work needed in it? What about if I don’t get permits?
any advice will be welcome please!
You should be asking your hard money lender the first set of questions.
And you should be asking your municipality the second set of questions.