BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 11 months ago,
Refinancing and Hard Money
Forgive me if I am missing something simple here. But thinking about the BRRRR process. I am no longer eligible for traditional bank financing, so I am working on securing hard money for my next property. If my goal is to refinance the property once it is rented and rehabbed, but I cant get a bank loan to pay off the hard money lender, what do people normally do? Is finding a bank to loan me, the only option?