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Updated over 14 years ago on . Most recent reply

User Stats

124
Posts
15
Votes
Robert Granara
  • Real Estate Investor
  • Reading, MA
15
Votes |
124
Posts

Refi out of hard money while flipping pro pert

Robert Granara
  • Real Estate Investor
  • Reading, MA
Posted

I have a 3 family that is 50 percent rehabbed...I'm now getting ready to start marketing the property to sell...however I also want to get out of my hard money loan once I have it fully rehabbed and 2 of the 3 units rented...

I haven't listed property yet on MLS bc I have heard if you list a house on MLS in the past 6 months banks will see that and not lend to you bc they know you are looking to sell...

So i know there are others on here who have had this same situation, how have you handled this?

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