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Updated almost 8 years ago on . Most recent reply

Yoseph Kalman's profile image
Yoseph Kalman's profile image
Yoseph Kalman
  • Architect
  • from Chicago, IL
  • Member since Feb 15, 2017
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Yoseph Kalman's profile image
Yoseph Kalman's profile image
Yoseph Kalman
  • Architect
  • from Chicago, IL
  • Member since Feb 15, 2017
Connect
Yoseph Kalman
  • Architect
  • Chicago, IL
3
Votes |
13
Posts
Private Lending & Conventional Mortgage Advice

using hard money to purchase a property already under a HM loan?

Yoseph Kalman
  • Architect
  • Chicago, IL
Posted

Is there any reason I would not be able to get a hard money loan to purchase a property that is currently owned by another investor who acquired the property with a hard money loan? In other words, My hard money loan will pay of the sellers hard money loan. Are there any hard money loan rules that would prohibit me from doing this? 

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