All Forum Posts by: Chad Jones

Another option is to get a small cash out refinance from the house you plan on fixing up, if is in financeable condition, and use that to fix it up, while still cash flowing. And you are looking at an interest rate around 7% instead of over 10%. 

If you can get a better primary residential HELOC rate than you can a hard money bridge loan I would say yes. You'd be looking for HELOC rates better than 10-11% to fund the reno. Local banks and smaller credit unions are most aggressive in this space. Good luck