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Updated almost 6 years ago,
Newbie needs funding for purchase and rehab. Hard money loan
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