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Updated 11 months ago on . Most recent reply

User Stats

3
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5
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Jesse Grim
5
Votes |
3
Posts

Hard money lender or refinance

Jesse Grim
Posted

I'm trying to get the ball moving a little faster than what it is and with not being able to cash out or Heloc for another 6 months, im wondering if it would be worth it to go to a hard money lender? I only have one property and it's got around 80k in equity that I can't use until mid July but make decent income from that rent, my plan was to use the initial cash out refinance to do a fix and flip or 2 to pay back the refinance and use profits to go towards another rental but the waiting period I feel is making me miss out on a lot of opportunities. Any HML able and willing to lend in VA or anyone with any other ideas?

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