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Updated over 4 years ago,

Simon Obas's profile image
Simon Obas's profile image
Simon Obas
  • Rental Property Investor
  • Member since May 8, 2019
Connect

User Stats

199
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42
Votes
Simon Obas's profile image
Simon Obas's profile image
Simon Obas
  • Rental Property Investor
  • Member since May 8, 2019
Connect
Simon Obas
  • Rental Property Investor
42
Votes |
199
Posts
Private Lending & Conventional Mortgage Advice

Is hard money loans only for distressed properties?

Simon Obas
  • Rental Property Investor
Posted

Greetings! Is it normal to use a hard money loan to acquire an invest property that’s ready to go/doesn’t require work? So I’d borrow the money just to get the home and then do a cash out refinance later. Is that normal or is this a silly idea?

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