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Updated almost 3 years ago on . Most recent reply

User Stats

6
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1
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Thomas Waymouth
  • Property Manager
  • Hot Springs AR
1
Votes |
6
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Hard Money Loans For Short Term Rental Investment Property

Thomas Waymouth
  • Property Manager
  • Hot Springs AR
Posted

Good Afternoon!

I was wondering if anyone here had successfully used a hard money loan to finance an STR? If so, is there someone you recommend that services Arkansas?

Also, please tell me if If there is a reason I should avoid them or if there is something better that I don't know about.

Thank you so much!

Most Popular Reply

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Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
  • Rental Property Investor
  • Tennessee Florida
5,686
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4,236
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Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
  • Rental Property Investor
  • Tennessee Florida
Replied

Sure. Would work like any other deal. But you’d need to rehab it and finance out of the hard money pronto. Like any other deal 

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