Quote from @Jaycee Greene:
Quote from @Matt Meier:
Good morning,
I’ve come across a renovation property available at a significant discount and would like to secure it without going the traditional 6-month financing route. We estimate the project will take less than 3 months to complete.
I’m exploring alternative short-term financing solutions and would appreciate any advice or recommendations on options that might work well for this type of project.
Thank you in advance for your insights and assistance!
Hey @Matt Meier. What do you mean by "traditional 6-month financing route"? Based on your question, I'm assuming you're looking to flip this property rather than rent it out, is that accurate?
Thank you for your response—I appreciate the insight. My understanding is that if you’re looking to refinance a fixed 15- or 30-year loan, it’s generally recommended to wait at least six months before doing so.
However, given that we anticipate completing this project well before that timeframe, I’m exploring alternative solutions to better align with our timeline to get our investment back sooner
Thank you again for your assistance!