Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago on . Most recent reply

Colorado Banks for traditional loans to buy and hold
We are interested in doing a BRRRR strategy on a house we are looking at, and we currently are planning to do a hard money loan to secure the house and get the rehab done.
I am shopping for lenders to refinace the loan with who will do a traditional 30 year, no money down and then a HELOC on the equity after the rehab is complete (hopefully not making this a 90 day ordeal, as Security Service takes 45 days on the mortgage and then another 45 days for the HELOC!).
Anyone have experience with a bank that we could do this with, preferrably in Southern Colorado?
Any other creative solutions that allow us to leverage the equity?