Refi problem not bankable

[Val C.]

Hi I’m Val, investor out in LA. I have two hard money loans that expire this year October 1,2021

I am not to bankable right now. Looking for some advice on what to do to get out of these two hard money loans. ( how to refi before October ) Thank you Bp 🙏

[Rick Pozos]

Sell both of them. Dont get a tenant for the single family. Sell. 

If you make some money on these houses you can pay off some of your debt and be ready for the next one that you tackle and be able to get financing on that one. 

We all would LIKE to do things, but sometimes we are not able to do them because of circumstances. Do what you need to do NOW so that you are not in this situation again.