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Updated over 1 year ago on . Most recent reply
Convince a hard money lender I can manage a rehab
I am preparing some documents that I would be able to provide to a hard money lender when approaching them. Definitely looking for properties that need work.
I plan on using a contractor, but don't have somebody I use regularly. Should I locate a contractor first? Thank you for your help!
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Quote from @Dave Kush:
I am preparing some documents that I would be able to provide to a hard money lender when approaching them. Definitely looking for properties that need work.
I plan on using a contractor, but don't have somebody I use regularly. Should I locate a contractor first? Thank you for your help!
Yes. If you are planning to get rehab financed you will need a scope of work and a licensed contractor to sign off.
If you plan on doing the rehab out of pocket, hard money lenders will not require a GC.
- Erik Estrada
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- 818-269-7983
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