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All Forum Posts by: Richard Foster

Richard Foster has started 1 posts and replied 2 times.

General Real Estate Investing

Post: Mortgaging a property while rehabbing

Richard Foster
Pro Member
Posted
  • Posts 2
  • Votes 0

Thanks Caleb. Words of wisdom.

0 Votes
General Real Estate Investing

Post: Mortgaging a property while rehabbing

Richard Foster
Pro Member
Posted
  • Posts 2
  • Votes 0

I am currently halfway through a gut rehab on a property which I completely own. I unfortunately self financed so my funds are tied up in this one house.  At this time in the project, is it possible to take out a loan against the property in order to buy a great investment which would be a patch-n-paint and could become an awesome rental? Advice please.  BTW I am a 10-99 contractor and have been focused on the rehab for the past several months, which affects my verifiable income.

0 Votes