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Updated about 3 years ago on . Most recent reply

Joseph Godio's profile image
Joseph Godio's profile image
Joseph Godio
  • Attorney
  • from Philadelphia, PA
  • Member since Jun 16, 2021
Connect

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5
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6
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Joseph Godio's profile image
Joseph Godio's profile image
Joseph Godio
  • Attorney
  • from Philadelphia, PA
  • Member since Jun 16, 2021
Connect
Joseph Godio
  • Attorney
  • Philadelphia, PA
6
Votes |
5
Posts
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Rehab Financing Question

Joseph Godio
  • Attorney
  • Philadelphia, PA
Posted

Question about financing a rehab. If I (through an LLC) purchase a property cash, can I then take a loan out on the property (or a HELOC?) to complete the rehab and then refinance that rehab loan? If so, is that rehab loan financing something I can usually accomplish pretty quickly? Is this the best approach until I can pay for the rehabs with cash?

Thank you!

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