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Updated about 6 years ago,

User Stats

12
Posts
5
Votes
Patrick Geers
  • Real Estate Professional
  • Newport Beach, CA
5
Votes |
12
Posts

Hard money flip to conventional funded AirBnb

Patrick Geers
  • Real Estate Professional
  • Newport Beach, CA
Posted

Okay, I had some trouble putting my random thought into a comprehensible form so bear with me...

Let's say I use hard money to fund a fix/flip in a hot rental/ vacation area. 

Assuming all went well and the value is at or exceeding market value, would it make sense to then get conventional financing, pay off the hard money loan, then keep the flip as an Airbnb or short-term rental? 

Also, I would be using hard money assuming I wouldn't be able to get conventional financing on the flip in the first place. Just looking for some experienced or knowledgeable insight to if this idea would be feasible let alone logical. 

Thanks for the input!

Patrick 

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