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Updated about 4 years ago,
BRRRR Investment - Hard Money Loan Types?
Hi Everyone, wanted to see if anyone can provide me with a little bit of information that isn't clear to me. With Hard-money loans there are a number of different types you can apply for with Hard Money Lenders. I was wondering if what is the best option to go with when you are buying a property that you will rehab, rent and then refinance with an conventional loan. I'm looking for capital to start with and will refinance once the project is done and the property is rented.
I'm looking at the following:
- Fix-and-Flip
- Rental
- Bridge
Yes, I am new to this but very eager and hungry for information. Any information is greatly appreciated I know how busy everyone is. Hopefully as I grow in this area of investments I can repay by helping someone else one day.
Huge thanks,
-Matt