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Updated 11 days ago on . Most recent reply

Ogie Cortes's profile image
Ogie Cortes's profile image
Ogie Cortes
  • Investor
  • from Anchorage, AK
  • Member since Feb 24, 2025
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Ogie Cortes's profile image
Ogie Cortes's profile image
Ogie Cortes
  • Investor
  • from Anchorage, AK
  • Member since Feb 24, 2025
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Ogie Cortes
  • Investor
  • Anchorage, AK
2
Votes |
2
Posts
Creative Real Estate Financing

BRRR on a 12500 sqft .Hard Money Lender or Construction Loan?

Ogie Cortes
  • Investor
  • Anchorage, AK
Posted

I can either purchase the land for 150K+ rehab cost with hard money lender.

Or pay what they owe (50K) and get a construction loan and pay them after I refinanced the ARV. (would like the property to go to family)

The building is worth nothing as it is a manufactured home that sits on a foundation. I’m interested in building a duplex or triplex on the lot. 

What is the best option? 


Anchorage, Alaska
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