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Updated about 2 years ago on . Most recent reply

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3
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Cortez Baker
0
Votes |
3
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Need funds Fire damage Rehab

Cortez Baker
Posted

I have a home I own in Prince William County Va..about 35 miles outside of Washington Dc. The home was giving to me by my grandparents and my mother was living in home when it caught fire about 6 months ago..I need about 75k for rehab ...home as no mortgage or liens..when I fix I can refinance and pay the 75k back with interest...Most banks will not give funds on damage home and its not my primary residence...I plan on fixing and renting out...

Most Popular Reply

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25
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17
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Grant P.
  • Real Estate Agent
  • Fairfax, VA
17
Votes |
25
Posts
Grant P.
  • Real Estate Agent
  • Fairfax, VA
Replied

There are a few avenues to take this, but it sounds like you're looking for hard money lending. Have you reached out to any hard money lenders in the area? That's where I'd go first. 

Are you rebuilding from the ground up, or renovating it to an upgraded state beyond what the home was before the fire? 

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