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Updated almost 6 years ago,

User Stats

5
Posts
1
Votes
Kim Barnes
1
Votes |
5
Posts

Newbie needs funding for purchase and rehab. Hard money loan

Kim Barnes
Posted

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

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