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Updated over 5 years ago on . Most recent reply

Jamal Davison's profile image
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Jamal Davison
  • from New York City, New York
  • Member since Mar 27, 2015
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Jamal Davison
  • from New York City, New York
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Jamal Davison
  • New York City, NY
6
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Rehabbing & House Flipping

Hard Money for home improvement?

Jamal Davison
  • New York City, NY
Posted

I got hit with a 15,000 repair build for my SFH. i currently dont have it.

I have a few question . Can I used hard money down for home improvement and refiance afterwards even if the property only go up slighlty in value since it is a single family house.

If any one  has a better way to solve this let me know. I am open to all suggestion.

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    Nick C.'s profile image
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    Nick C.
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    • from Tampa, FL
    • Member since Oct 5, 2011
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    Nick C.
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    Nick C.
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    Nick C.
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    Replied

    Do you have a loan on the property now? Most hard money lenders don't want to be in 2nd position. 

    These are dangerous strategies, but how about credit cards? Personal line of credit? Short term high interest loans I keep hearing about on the radio? 

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