Newbie needs funding for purchase and rehab. Hard money loan

[Kim Barnes]

I made my first purchase from an auction in January. Waiting for ratification from the trustee, which should be in 30-60 days. I have a 203k, but want to use HML for purchase and rehab. Can anyone recommend a HML that works with first timers.

I plan on living in one room and renting 4 others creating a income of $3200/m.

Baltimore, MD

Purchase 84k

EMD 5k

Rehab 50K

ARV 220K

[Kim Barnes]

@Don Konipol

I didn't know I had to have the property in a business name and could not live in it when using hard money. Thank you. I now know for my next project.