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Updated 12 months ago,

User Stats

37
Posts
16
Votes
Michael Nelson
16
Votes |
37
Posts

Hard money loan repayment ? for brrrr deal

Michael Nelson
Posted

If I use a hard money loan for a brrrr and the ARV comes in a little lower than projected can i pay off say 170k of the 200k hard money and just keep paying the interest on the remaining 30k of hard money until i can pay that off? obviously the goal would be to pay the whole amount off but I Just want to check into all the "what ifs"

Any input is greatly appreciated

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