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All Forum Posts by: Randy G.

Randy G. has started 7 posts and replied 31 times.

Classifieds

Post: ****LOOKING TO REFINANCE OUT OF HARDMONEY ****

Randy G.Posted
  • Realtor
  • Maryland
  • Posts 34
  • Votes 20

Hi BP friends,

so i'm looking to possibly keeping my first rehab. full gut now completed. looks amazing. 

PP 175K ARV 300K RENT 2100K. I already have a couple people interested in the property.

located 3 miles from DC area. 

So i quit my career 5 months ago and went all in. Finished my first rehab and looking for another way out 

of the hard money loan without selling it. I have no income coming in except another rental property. little cash flow. 

credit score plummeted after the purchase of my investment property sfh. How can i refi and cash out if i have no income coming in? just started my new career in real estate investment and all my money is tide up in this flip. I do have a lot that i am about to sell for 35k so thats some income. Any help would be much appreciated and thank you in advance.

RG

0 Votes