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Updated over 1 year ago on . Most recent reply
Refinancing out of a Hard Money Loan
About to begin this process. It's an investment/rental property. Not my primary. Had to use hard money due to condition of the property. Rehab is almost complete and now looking to refi the condo. Would like general input on making this as smooth a process as possible. Thanks!
Most Popular Reply
Quote from @Jason Martinez:
About to begin this process. It's an investment/rental property. Not my primary. Had to use hard money due to condition of the property. Rehab is almost complete and now looking to refi the condo. Would like general input on making this as smooth a process as possible. Thanks!
This does not help you much on THIS deal, but maybe will on the next one. The best practice is to work with your lender BEFORE you even purchase a property for rehab on what your takeout plan for the property is and how it will work. This keeps you from unpleasent surprises on the refi or getting stuck with a hard money loan longer then you want.
- Jay Hurst
