All Forum Posts by: Nicole Austin

I'd be happy to take a look at something like this. To capitalize on what Randy said that's exactly what would happen. 

We'd look at what the existing value of the property is 
the $ amount needed in repairs and how long that would take 
and the after repaired value of the property based on nearby comparable properties 

@Nicole Austin this is super easy. A standard Hard Money Loan would could fit here or a standard Conventional Renovation loan. Sometimes the HML want to see experience. So, if you don't have that then the Conventional route would be the way to go. Even some commercial lenders will have an option. Usually HELOCs want your property to be finished...so if you have ANOTHER home, maybe that could work...but if not, then you would need a more structured mortgage. This is assuming you can qualify for lending of course but plenty of options if you qualify.

If you have the deed to the property titled into your name, and you have no mortgage on the property, then you can get a loan against the property from a Private Lender or possibly a bank. what the after repaired value (ARV) of the property? I may be able to help you, but depends on the situation, the property, etc.

I'd be happy to take a look at something like this. To capitalize on what Randy said that's exactly what would happen. 

We'd look at what the existing value of the property is 
the $ amount needed in repairs and how long that would take 
and the after repaired value of the property based on nearby comparable properties