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 5 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Jerry Bettis
0
Votes |
1
Posts

Does investors get private loans to purchase and also for rehab?

Jerry Bettis
Posted

Is it possible to get a private loan to purchase a property and also a loan for rehab? If so how can I achieve this!?

Most Popular Reply

User Stats

347
Posts
191
Votes
Shera Gregory
  • Investor
  • Richmond, VA
191
Votes |
347
Posts
Shera Gregory
  • Investor
  • Richmond, VA
Replied

 I agree. If as a borrower you can't bring money to the deal then you need to have a really good deal and also a very good idea of exactly what the rehab is going to be, who's going to do the work, what's it going to cost. It would be a good idea to show who your team members are. That's not just your contractors but also the title company, your insurance company, heck even whoever is going to clean it when you're done. The more you can show that you've thought this through the more comfortable the lender is going to be.

Loading replies...