Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

16
Posts
4
Votes
Mike Sands
  • Philadelphia, PA
4
Votes |
16
Posts

Rehab loan on a property I already own

Mike Sands
  • Philadelphia, PA
Posted

hey! So I am very new to this and this question may be silly, but aside from anything conventional, could I get private or hard money just for a rehab on a property I already own free and clear? What would be the  necessary steps to do so? 

Most Popular Reply

User Stats

2,246
Posts
1,264
Votes
Alex Bekeza
  • Lender
  • Los Angeles, CA
1,264
Votes |
2,246
Posts
Alex Bekeza
  • Lender
  • Los Angeles, CA
Replied

@Mike Sands Well if you bought it for $9k and its a wreck then there's not lender that will touch it. I'd look into some 0% APR for the first 18 months Credit Cards but it sounds like the amount of money you're looking for is too small for most hard money lenders to want to get involved with.

I could be wrong.... dig through the hard money lender database on this site and see if someone does this in your area.  Its under the "network" tab.  

Best of luck on this project!

business profile image
Investor Property Loan
5.0 stars
252 Reviews

Loading replies...