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All Forum Posts by: Kevin Porter

Kevin Porter has started 3 posts and replied 11 times.

Post: Using conventional financing as my exit strategy?

Kevin PorterPosted
  • Rental Property Investor
  • Fayetteville, NC
  • Posts 12
  • Votes 4

Say I use a hard money lender to get my foot in the door of an REO, once it's rehabbed, I put it back on the rental market. (As my exit strategy from the hard money loan) If I use conventional financing to get a refi, would I still have to put 20% down payment on the refinance, or do banks treat that situation differently because it is already in my name?