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Updated over 7 years ago,
Refinancing after hard money loan
I have a few questions about buying rental properties with a hard money loan and then refinancing after a three to four months with a conventional loan. Hopefully someone can share an example.
What do you do if you are unable to secure a conventional loan prior to the end of your hard money term?
What have you done in the past when you have been unable to secure tenants for a property between the period of transferring from hard money loan to conventional loan.?
I have more questions before getting into my first rental property. But the financing is my main concern, which I'm Sure it is for a lot of beginner investors.