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Updated over 7 years ago,

User Stats

29
Posts
4
Votes
Patricia Vildozo
  • Brier, WA
4
Votes |
29
Posts

When to begin to work in a foreclosure flip ?

Patricia Vildozo
  • Brier, WA
Posted
Hello BP members , Past Friday, I bought a foreclosure home with hard money financing , classic 12% interest with 10% down. The house needs a lot of work and I'm eager to begin to work on it. As this is a HML, I'll be paying $90+ per day. I have been told that is better to begin to work on it after recording which in my county takes three to four weeks, this is $ 2000+ to the HML pocket and an untouched house . How do you sort this type of issue when buying this type of properties ? I would greatly appreciate any help on this matter P.S it seems that it has clear title

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