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Updated over 2 years ago on . Most recent reply

User Stats

20
Posts
8
Votes
Tori Applegate
  • Realtor
  • Woodstock, GA
8
Votes |
20
Posts

Hard or PMLs in Florida - Recommendations

Tori Applegate
  • Realtor
  • Woodstock, GA
Posted

Hi, So I'm looking to do some rehabs in the panhandle of Florida. I need a lender, preferably, who doesn't have a seasoning time needed on funds. A lot of lenders I've looked at also seem to require 20-30k in the bank. I don't have that liquid. I'd like to use business credit cards to fund down payment and other costs involved. I can use Plastiq to write checks directly to the title company or whoever. I'd like to be able to keep the property as a short term rental at the end so then I would have to refi it, which should be easier since I'll be forcing more value into it with the rehab. Just trying to get started. Any suggestions/recommendations as far as lenders or my game plan?

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