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Updated over 9 years ago,
Hard Money in Brooklyn, NY
Hi everyone ,
I'm, a new member here at BP. I am a brand new investor about to do my first flip, and have little I can spend on the project, so I'm looking to borrow the full sales price (I believe this is possible?). Is it possible for HML to lend out rehab costs as well? I believe I have enough to cover my rehab costs but I wanted to know all of my options.
Also, is there something I should keep in mind when using a HML other than high interest costs and filing costs associated with obtaining the loan?
Thanks and happy investing!
Tom B.