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Updated over 13 years ago,

Mike Nelson's profile image
Mike Nelson's profile image
Mike Nelson
  • Wholesaler
  • from Washington, D.C
  • Member since Aug 4, 2011
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User Stats

449
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94
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Mike Nelson's profile image
Mike Nelson's profile image
Mike Nelson
  • Wholesaler
  • from Washington, D.C
  • Member since Aug 4, 2011
Connect
Mike Nelson
  • Wholesaler
  • Washington, D.C
94
Votes |
449
Posts
Investor Mindset

Is this realistic? Refinance Question...

Mike Nelson
  • Wholesaler
  • Washington, D.C
Posted

Here is our scenario: My partner and I would like get into real estate investing, we plan to take out a hard money loan to purchase dirt cheap properties in Baltimore, MD for cash flow. These properties are in the price range of 5k-15k. They will rent for around 800-1000 a month.

My question is, will we be able to purchase these homes with hard money, refinance and get a mortgage on these properties? Next, after we get the mortgage will we be able to get a HELOC on this property so that we will be able to do more deals like this?

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