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Updated over 12 years ago on . Most recent reply

Mike Kendrick's profile image
Mike Kendrick's profile image
Mike Kendrick
  • Real Estate Investor
  • from Loveland, Ohio
  • Member since Oct 9, 2012
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Mike Kendrick's profile image
Mike Kendrick's profile image
Mike Kendrick
  • Real Estate Investor
  • from Loveland, Ohio
  • Member since Oct 9, 2012
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Mike Kendrick
  • Real Estate Investor
  • Loveland, OH
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Rehabbing & House Flipping

Using HML on property I'm closing on for FREE

Mike Kendrick
  • Real Estate Investor
  • Loveland, OH
Posted

I have a property under contract in Ohio that the homeowner is signing over to me for free, minus closing costs. I have 45 days to close and I am considering wholesaling or rehabbing myself. My question is, if I take posession of this myself - will I be able to get a hard money loan to make the 40-50k in repairs after I close - or would I need to determine prior to close and have the HML listed on the title?

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