All Forum Posts by: Erin Butler

Thanks for the clarification, Blake!

This means I'd want to take lots of before and after pictures.

If the ARV is 100k are you saying the bank would lend the full 100k- without requiring a down payment?

I'm asking this question at a very generic concept, hopefully someone knows the answer and I'll use very simple numbers.

Lets say I bought a home for 70k via hard money, with an ARV of 100k. The hard money lends me that 70k. I spend 10k of my own money to rehab the property.

After that rehab, I want to switch to a conventional loan. My questions are:

1. Do I have to wait an x amount of time before I can switch to conventional?

2. Do I have to put a 20% down payment to get a conventional loan, while stuck in that hard money loan or will the bank lend me 80% of the ARV of the home?

I appreciate you for reading this!