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Updated over 3 years ago on . Most recent reply

Michael Keane's profile image
Michael Keane's profile image
Michael Keane
  • from Long Beach, NY
  • Member since Jan 12, 2015
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Michael Keane's profile image
Michael Keane's profile image
Michael Keane
  • from Long Beach, NY
  • Member since Jan 12, 2015
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Michael Keane
  • Long Beach, NY
15
Votes |
50
Posts
Rehabbing & House Flipping

Financing Rehab Costs

Michael Keane
  • Long Beach, NY
Posted

Hello BP Community! 

I am closing on an investment property that needs about $30K in interior rehab. Would a lender on the conventional mortgage lend money toward the rehab or should I get a hard money loan and pay back through a cash-out refi once the rehab is done? 

Appreciate any insights!

  • Michael Keane
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    Ken Naim's profile image
    Ken Naim's profile image
    Ken Naim
    • Investor
    • from Lake Worth, Florida
    • Member since Jul 14, 2016
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    Ken Naim's profile image
    Ken Naim's profile image
    Ken Naim
    • Investor
    • from Lake Worth, Florida
    • Member since Jul 14, 2016
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    Ken Naim
    • Investor
    • Lake Worth, FL
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    Ken Naim
    • Investor
    • Lake Worth, FL
    Replied

    @Michael Keane 30k is small enough that a 0% credit card for 18 months could work if you have good credit.

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